Very soon Russia will become a major financial center, and if you have money to invest, invest in Russia.

A report from Bloomberg:



The world's biggest banks are advising their clients to load up on rubles in a bet that one of the first things Dmitry Medvedev may do after he's sworn in as Russia's president this week is to allow a stronger currency.

Merrill Lynch & Co., Goldman Sachs Group Inc. and Deutsche Bank AG predict gains of as much as 4 percent in the next six months. They say pressure will mount on the central bank to let the ruble appreciate to stem inflation even if it risks damping profits of oil and energy exporters, which according to Merrill Lynch fund more than half of the federal budget.

The last time Bank Rossii, which must submit proposed changes in monetary policy to the government, allowed the ruble to strengthen was in August, when the inflation rate was 8.5 percent. It's now 13.3 percent, five times the average of the Group of Seven industrialized nations. Two interest-rate increases this year failed to restrain consumer prices, and Russia ``isn't ruling out'' letting the ruble gain, Bank Rossii Deputy Chairman Alexei Ulyukayev said April 24.

``Ruble appreciation will continue to be a key anti- inflation tool given the limited domestic monetary instruments the central bank has at its disposal,'' said Ramin Toloui, a senior vice president at Newport Beach, California-based Pacific Investment Management Co., which manages more than $800 billion. ``That favors continued ruble appreciation.''
The central bank sets the price of the ruble against a so- called currency basket made up of 0.55 dollars and 0.45 euros.
It let the currency appreciate against the basket three times last year by a total of about 1.3 percent. The ruble was at 36.7684 per euro and 23.7601 per dollar at 9:18 a.m. in New York.

Surging Growth

Russia, the world's biggest energy exporter, has expanded an average of about 7 percent a year since President Vladimir Putin, 55, took office in 2000. During that time, the price of oil has risen almost fivefold to a record $119.93 a barrel. The economy will grow 6.6 percent this year, more than five times the 1.2 percent average of the G-7, according to Merrill Lynch.

Medvedev, 42, and the central bank are faced with the challenge of maintaining growth while stemming inflation. Consumer prices have surpassed the government's target every year since 2003.
Bringing down the inflation rate ``is one of our biggest priorities,'' Putin said during his annual press conference on Feb. 14. Putin will become responsible for the economy when he assumes the role of prime minister on May 8, the day after Medvedev's inauguration.
`Doing Everything' ....

READ MORE - http://www.bloomberg.com/apps/news?p...refer=currency

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War between Russia and Georgia orchestrated from USA

READ MORE -- http://english.pravda.ru/hotspots/co...ssia_georgia-0

is this like the t95 tank, we have it but we cant show? haha soviet days used to be sweet in some fairy tale land until they get destroyed like plastic playing cards

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Cowards die many times before their actual deaths.

I came, I saw, I conquered.

It is better to create than to learn! Creating is the essence of life.

What "we have it but we cant show"? I am sorry, I didn't get you point, Adriano.

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War between Russia and Georgia orchestrated from USA

READ MORE -- http://english.pravda.ru/hotspots/co...ssia_georgia-0

just saying Mr North Pole that the Russians really do have great minds and capable people, but the projects that they demonstrate and brag to the world are nearly never done, and if they are done they are a bit late.
Russia flexing its muscle with Eu its a bit of a long shot. Why wouldn't the Russians buy Asian banks first...

__________________
Cowards die many times before their actual deaths.

I came, I saw, I conquered.

It is better to create than to learn! Creating is the essence of life.

Adriano, you didn't answer my question. You said that Russians have something but don't show it. What are you suggesting? Are saying that the Russian banks don't have money?....




Russia’s two largest banks have teamed up to create the United Russian Payment System (ORPS), in a bid to rival Visa and MasterCard, Sberbank CEO German Gref says. VTB agreed to join Sberbank after the name of the scheme was changed from ‘Sbercart’.

The system is currently teamed up with 17 banks, 40 more have applied, and over 300 depositary institutions are on talks.
The system infrastructure numbers over 12 thousand ATMs and over 10 thousand cash dispensers.
Upward of 25 thousand shops and service points accept these cards.

“We have a letter of agreement from VTB,” Gref said.
VTB has former voiced its interest in the “Sbercart” payment system aiming to develop acquiring on its basis. The prior condition for VTB to join was re-naming of the system.

http://russiatoday.ru/business/news/25986


Investing in today's Russia is like investing in McDonald's in the 50s or Microsoft in the 80s.
Don't miss your chance.

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War between Russia and Georgia orchestrated from USA

READ MORE -- http://english.pravda.ru/hotspots/co...ssia_georgia-0

Medvedev Calls U.S. Dollar Intl. Problem

The U.S. dollar has fallen so much that it has now become an international problem, Russian President Dmitry Medvedev told journalists from Reuters. According to Medvedev, the United States has to solve the problems of its currency, but other countries should strive to make the international financial system multicurrency. That would allow the risks associated with the fall in the exchange rate of a single currency to be avoided. The Russian president earlier expressed his opinion about the financial crisis that has engulfed the developed countries and served as one of the causes of the fall of the dollar. Medvedev stated at the International Economic Forum in St. Petersburg that the U.S. itself is largely responsible for the crisis, since the real abilities of the country do not correspond with the position it occupies in the international financial system. In the interview, Medvedev answered a series of questions on the Russian economy. In particular, he repeated that the conflict between the shareholders of TNK-BP should be decided on the legal arena without the participation of the state. In addition, the Russian president noted that the state will gradually take measures to reduce its participation in the economy and continue the policy of privatization of a number of assets.

Source: http://www.kommersant.com/p-12733/r_...ional_economy/

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War between Russia and Georgia orchestrated from USA

READ MORE -- http://english.pravda.ru/hotspots/co...ssia_georgia-0

http://www.themoscowtimes.com/article/600/42/369295.htm


$8 billion wiped of Russian Stocks

After Putin's foolish comments on several issues including the NTK-BP issue.

I would think if you want the dollar to be a dollar you would invest here in the US.

I enjoy my euro. Thank you very much

__________________
Cowards die many times before their actual deaths.

I came, I saw, I conquered.

It is better to create than to learn! Creating is the essence of life.

Invest in what? The Government is obstructing progress and growth. Russia is around the world buying energy and China is off our coast buying rights to oil drilling. Meanwhile the turds in DC are sitting back holding us hostage.


Do you people see what's happening here.