A child born today in Russia, will statistically die seen still considerably earlier than in other countries. The life expectancy was 2018 for men at just 68 years of age, in women at least ten years later. But, compared with other industrial countries, the is little: born In Germany boys at the age of 79 years, girls come today, even at 83 years of age.
Putin’s projects should until 2024.
completed change to Vladimir Putin, Russia’s President, presented two years ago, an Agenda of 13 so-called “national projects”, which should actually improve by 2024, the life of the Russians considerably. In the area of health is to be improved, so that, for example, the access of the population to Doctors and hospitals and affordable be made. In addition, Russia wants to solve its dependence on Oil and Gas, its economy is growing in a few years, faster than the world average.
This is not yet the case. In spite of its huge reserves of raw materials, and the growth since 2012, less than two percent per year, in 2015, Russia slipped even in the recession, as Oil prices slipped back down for the first Time in this decade sensitive.
Russians have to blame for lower Oil prices
This is now the case, and the Russians are in part themselves to blame. Even before the Corona pandemic has triggered a global economic crisis, fought the Russians to a price war with the organization of oil producing States (OPEC). The latter wanted to impose low production quotas to drive the price of Oil artificially high. db Oil price Brent 43,40 USD -0,16 (-0,37%) OTC
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Russia, a contradiction. In the end, the dispute has led to Oil prices fell in February by around 60 to 40 dollars per Barrel. In the crisis, it went down briefly into the Negative. Meanwhile, prices have recovered to 40 to 45 dollars. The level is, however, Russia continues to be low.
Russia is missing this year, 35-billion-Euro
The state revenues are missing. 35 billion euros, it will be this year. The economy is expected to shrink by six per cent and for the coming year, according to an estimate by the world Bank with 2.1 percent weaker recover than elsewhere. The result is that Putin needs to move his “national projects” now. Russia can not afford the huge expenditure of the equivalent of 320 billion euros currently. With Stock Selection in Europe, you will be able to achieve excess Returns with the System. You put on the strongest trend signals from Germany and Europe. Long and Short. So make your investment a success, regardless of the DAX level. (Partner quote) Here is an exclusive free trial!
In a video message he proclaimed, therefore, this week, that the projects should only be made by 2030 to be implemented. Putin can make it now, because he is allowed to stay for a Referendum to 2036 in the office. Originally, the Constitution would have forced him to 2024 to withdraw.
Even without Corona-crisis, would it not good
Although the Corona is a crisis, the main trigger for the shift in the plans, but even without a pandemic, it would become difficult for these to 2024 to implement. The state-run VTB Bank was evaluated at the end of last year, the projects and came to the conclusion that 8 of the 13 were not implemented with a high degree of probability to the scheduled appointment.
This is due to the fact that Russia can not refinance like other countries in the international financial markets. The access to it is limited by the sanctions imposed by the world community of 2014, when Russia annexed the Crimean Peninsula, and a still-smoldering war in Eastern Ukraine triggered.
Therefore, Russia needs to save in the crisis even more, and may not like other countries with expensive economic stimulus programmes and help throw funds around. Even Russian companies are at the mercy of the crisis, vulnerable, but until now, Putin still refuses, the iron reserves of about 160 billion euros to touch, he lay back once to avert further sanctions.
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