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CUSTOMS UNION IN A MESS
The Russian economy is facing unseen problems. Internet sales, as
well as popularity of bitcoin are growing, and its rate of exchange
to the dollar has grown 90 times within one year. For Russia with
its old ways of economic development this is equal to death. It is
not accidental that people in Moscow are selling their rubles, which
has crossed its historic level.
The Russian economy is organized in the following way: oil and gas
is sold, huge amounts are brought in and shared, ensuring consumer
demand. A tremendous consumer market has been formed in Russia where
that money is spent.
In the result of internet trade the Russian consumer market with its
oil dollars has "moved" to the West. Like bitcoin, it is killing the
Russian ruble which is rotting in the banks.
The Russian government is trying to fight it, introducing new
customs duties on internet trade, limits transactions on bitcoin,
tries to maintain the rate of ruble. However, it is impossible to
fight progress with old methods.
Traders and buyers have found a way out. The Kommersant reported that
trade is done via Kazakhstan which later ships goods to Russia duty
free. The Russian government has not been able to persuade Kazakhstan
to raise the duties, which means that whatever measures have been
taken will not cut internet trade.
Or Russia will have to introduce customs duties with Kazakhstan,
which will mean the end of the Customs Union.
Something queer is happening in this union. The Armenian minister
of foreign affairs of Edward Nalbandyan has stated that there is no
clarity on further developments regarding Armenia's membership to
the Customs Union. Instead, Armenia will be the co-founder of the
Eurasian Union.
Today information was published on rise of prices of consumer goods
after membership to the Customs Union. Integration with a country with
an economy leaping towards stagflation is similar to self-sacrifice.
For the sake of what is the self-sacrifice made? Putin's personal
ambitions to restore the Soviet Union?
Naira Hayrumyan, Political Commentator 15:36 28/01/2014 Story from
Lragir.am News: http://www.lragir.am/index/eng/0/comments/view/31817
The Russian economy is facing unseen problems. Internet sales, as
well as popularity of bitcoin are growing, and its rate of exchange
to the dollar has grown 90 times within one year. For Russia with
its old ways of economic development this is equal to death. It is
not accidental that people in Moscow are selling their rubles, which
has crossed its historic level.
The Russian economy is organized in the following way: oil and gas
is sold, huge amounts are brought in and shared, ensuring consumer
demand. A tremendous consumer market has been formed in Russia where
that money is spent.
In the result of internet trade the Russian consumer market with its
oil dollars has "moved" to the West. Like bitcoin, it is killing the
Russian ruble which is rotting in the banks.
The Russian government is trying to fight it, introducing new
customs duties on internet trade, limits transactions on bitcoin,
tries to maintain the rate of ruble. However, it is impossible to
fight progress with old methods.
Traders and buyers have found a way out. The Kommersant reported that
trade is done via Kazakhstan which later ships goods to Russia duty
free. The Russian government has not been able to persuade Kazakhstan
to raise the duties, which means that whatever measures have been
taken will not cut internet trade.
Or Russia will have to introduce customs duties with Kazakhstan,
which will mean the end of the Customs Union.
Something queer is happening in this union. The Armenian minister
of foreign affairs of Edward Nalbandyan has stated that there is no
clarity on further developments regarding Armenia's membership to
the Customs Union. Instead, Armenia will be the co-founder of the
Eurasian Union.
Today information was published on rise of prices of consumer goods
after membership to the Customs Union. Integration with a country with
an economy leaping towards stagflation is similar to self-sacrifice.
For the sake of what is the self-sacrifice made? Putin's personal
ambitions to restore the Soviet Union?
Naira Hayrumyan, Political Commentator 15:36 28/01/2014 Story from
Lragir.am News: http://www.lragir.am/index/eng/0/comments/view/31817