Russia's government has agreed to grant Serbia a USD 800 million five-year credit line for infrastructure projects at an annual interest of 4.1 percent.
"Siluanov said that the credit line would be opened starting with the current year and the annual interest rate was 4.1 percent, the RIA Novosti news agency reported."
These must be the 'favorable russian conditions' Serbian politicians are talking about. Translate: Favorable for Russia :)
Russia knows that Serbia will become part of European Union and NATO before 2022,for this reason she treats Serbia now as any other European country because she will become part of an anti-Russian alliance.Greece can not be compared with Serbia she is part of the EU-NATO therefore she gets loans with low interests.Russia have the second most stable economy from the g20 and the world's largest reserves with more than 500 billion USD but she is focused in others post-Soviet states that will form the new Soviet Union Eurasian-Union but capitalist not socialist,Serbia will not become part of it therefore she does not help it economically but only in the Kosovo issue.Russia like other large powers do not give money without interest.
Unfortunately, Serbia has no choice but to sign up to these terrible deals. The Govt spent a lot of money trying to get the Croatian generals convicted. Who knows how much money they have given to veritas over the years. It would be heaps. Even now Savo Strbac is offering 5 million USD on the black market for the "famozni" topnicki dnevnici. We would've spent heaps on the votes of Sudije Pokar and Adzus too. It's time Serbia stopped starving itself to try and buy a version of history that suits its agenda. Time to face reality. Great deal for Mother Russia by the way, they would be laughing.
Serbia, will pay 4.1% for a 5 year loan. What's even worst,the agreement stipulates that 70% of the work will be done by Russia.
THIS GOES TO SHOW HOW MUCH RUSSIA CARE ABOUT SERBIA, RUSSIA CAR ONLY FOR IT SELF IF SERBIAN GOVERNMENT SMART NEEDS TO MOVE AWAY FROM RUSSIAN GOVERNMENT.
For comparison purposes, Greece, a basically bankrupt country, is paying 2.5% at 12 year terms for all the bailout money (this is per WSJ at [link]/).
Serbia must really be hurting to sign up to this kind of deal. From a financial management point of view, this is criminal.
(BalkanUpdate, 24 November 2012 18:19)
Sure, but from a political point of view it makes sense. Without paying such bribes, Serbia can forget about Russia's support for Kosovo in the form of statements. Unfortunately, for actions, the bribe is much higher and Serbia can't afford that.
This is a very bad financial deal for Serbia. In fact, its one of the worst I have seen in recent years. Serbia, will pay 4.1% for a 5 year loan. Folks, that's approaching usury level when it comes to intergovernmental loans. What's even worst, the agreement stipulates that 70% of the work will be done by Russian companies. This is an insanely good deal for Russia.
For comparison purposes, Greece, a basically bankrupt country, is paying 2.5% at 12 year terms for all the bailout money (this is per WSJ at http://blogs.wsj.com/marketbeat/2012/11/20/where-does-greek-interest-go/).
Serbia must really be hurting to sign up to this kind of deal. From a financial management point of view, this is criminal.
A lower interest rate would be nicer... but, the question is how does this compare to interest rates from others? And well, others often have strings attached to loans. I am not sure. But, I was hoping that the interest would be 2-3 percent heh, but that is perhaps too low? :/
Hi "theTruth" US dollars remain stable and in high demand for decades, and because of this they continue to be the currency used, internationally, for many things such as commodities trade etc. The Ruble is certainly stronger now than it was twenty years ago, and Russia is in a position of growth, but for the time being most world banking etc is done with USD. Sure there are inroads with other currencies such as the EURO, but I assure you this is business as usual.
And Serbia must use this wisely and not corrupt it away as they have done so much of in recent years. They should hire local companies and people whenever possible - but ones without a criminal/corrupt background.
This loan is badly needed.Much of the Serbian infrastucture has been destroyed.Unprovoke,cowardly attack by the West on small country Serbia will forevr live in infamy.This loan for which we are gateful to our mother country Russia should be re- paid on time.Our relationship should be based on mutual respect,reciprocity and care.Unfortunately,West is looking at us through the same lense and that is: To re-engineer our borders and societies.By staying together, will guarantee their failure and enhanse our prosperity.
And Serbia must use this wisely and not corrupt it away as they have done so much of in recent years. They should hire local companies and people whenever possible - but ones without a criminal/corrupt background.
This is a very bad financial deal for Serbia. In fact, its one of the worst I have seen in recent years. Serbia, will pay 4.1% for a 5 year loan. Folks, that's approaching usury level when it comes to intergovernmental loans. What's even worst, the agreement stipulates that 70% of the work will be done by Russian companies. This is an insanely good deal for Russia.
For comparison purposes, Greece, a basically bankrupt country, is paying 2.5% at 12 year terms for all the bailout money (this is per WSJ at http://blogs.wsj.com/marketbeat/2012/11/20/where-does-greek-interest-go/).
Serbia must really be hurting to sign up to this kind of deal. From a financial management point of view, this is criminal.
For comparison purposes, Greece, a basically bankrupt country, is paying 2.5% at 12 year terms for all the bailout money (this is per WSJ at [link]/).
Serbia must really be hurting to sign up to this kind of deal. From a financial management point of view, this is criminal.
(BalkanUpdate, 24 November 2012 18:19)
Sure, but from a political point of view it makes sense. Without paying such bribes, Serbia can forget about Russia's support for Kosovo in the form of statements. Unfortunately, for actions, the bribe is much higher and Serbia can't afford that.
This loan is badly needed.Much of the Serbian infrastucture has been destroyed.Unprovoke,cowardly attack by the West on small country Serbia will forevr live in infamy.This loan for which we are gateful to our mother country Russia should be re- paid on time.Our relationship should be based on mutual respect,reciprocity and care.Unfortunately,West is looking at us through the same lense and that is: To re-engineer our borders and societies.By staying together, will guarantee their failure and enhanse our prosperity.
Serbia, will pay 4.1% for a 5 year loan. What's even worst,the agreement stipulates that 70% of the work will be done by Russia.
THIS GOES TO SHOW HOW MUCH RUSSIA CARE ABOUT SERBIA, RUSSIA CAR ONLY FOR IT SELF IF SERBIAN GOVERNMENT SMART NEEDS TO MOVE AWAY FROM RUSSIAN GOVERNMENT.
Unfortunately, Serbia has no choice but to sign up to these terrible deals. The Govt spent a lot of money trying to get the Croatian generals convicted. Who knows how much money they have given to veritas over the years. It would be heaps. Even now Savo Strbac is offering 5 million USD on the black market for the "famozni" topnicki dnevnici. We would've spent heaps on the votes of Sudije Pokar and Adzus too. It's time Serbia stopped starving itself to try and buy a version of history that suits its agenda. Time to face reality. Great deal for Mother Russia by the way, they would be laughing.
Hi "theTruth" US dollars remain stable and in high demand for decades, and because of this they continue to be the currency used, internationally, for many things such as commodities trade etc. The Ruble is certainly stronger now than it was twenty years ago, and Russia is in a position of growth, but for the time being most world banking etc is done with USD. Sure there are inroads with other currencies such as the EURO, but I assure you this is business as usual.
Russia knows that Serbia will become part of European Union and NATO before 2022,for this reason she treats Serbia now as any other European country because she will become part of an anti-Russian alliance.Greece can not be compared with Serbia she is part of the EU-NATO therefore she gets loans with low interests.Russia have the second most stable economy from the g20 and the world's largest reserves with more than 500 billion USD but she is focused in others post-Soviet states that will form the new Soviet Union Eurasian-Union but capitalist not socialist,Serbia will not become part of it therefore she does not help it economically but only in the Kosovo issue.Russia like other large powers do not give money without interest.
A lower interest rate would be nicer... but, the question is how does this compare to interest rates from others? And well, others often have strings attached to loans. I am not sure. But, I was hoping that the interest would be 2-3 percent heh, but that is perhaps too low? :/
"Siluanov said that the credit line would be opened starting with the current year and the annual interest rate was 4.1 percent, the RIA Novosti news agency reported."
These must be the 'favorable russian conditions' Serbian politicians are talking about. Translate: Favorable for Russia :)
This loan is badly needed.Much of the Serbian infrastucture has been destroyed.Unprovoke,cowardly attack by the West on small country Serbia will forevr live in infamy.This loan for which we are gateful to our mother country Russia should be re- paid on time.Our relationship should be based on mutual respect,reciprocity and care.Unfortunately,West is looking at us through the same lense and that is: To re-engineer our borders and societies.By staying together, will guarantee their failure and enhanse our prosperity.
Hi "theTruth" US dollars remain stable and in high demand for decades, and because of this they continue to be the currency used, internationally, for many things such as commodities trade etc. The Ruble is certainly stronger now than it was twenty years ago, and Russia is in a position of growth, but for the time being most world banking etc is done with USD. Sure there are inroads with other currencies such as the EURO, but I assure you this is business as usual.
A lower interest rate would be nicer... but, the question is how does this compare to interest rates from others? And well, others often have strings attached to loans. I am not sure. But, I was hoping that the interest would be 2-3 percent heh, but that is perhaps too low? :/
This is a very bad financial deal for Serbia. In fact, its one of the worst I have seen in recent years. Serbia, will pay 4.1% for a 5 year loan. Folks, that's approaching usury level when it comes to intergovernmental loans. What's even worst, the agreement stipulates that 70% of the work will be done by Russian companies. This is an insanely good deal for Russia.
For comparison purposes, Greece, a basically bankrupt country, is paying 2.5% at 12 year terms for all the bailout money (this is per WSJ at http://blogs.wsj.com/marketbeat/2012/11/20/where-does-greek-interest-go/).
Serbia must really be hurting to sign up to this kind of deal. From a financial management point of view, this is criminal.
For comparison purposes, Greece, a basically bankrupt country, is paying 2.5% at 12 year terms for all the bailout money (this is per WSJ at [link]/).
Serbia must really be hurting to sign up to this kind of deal. From a financial management point of view, this is criminal.
(BalkanUpdate, 24 November 2012 18:19)
Sure, but from a political point of view it makes sense. Without paying such bribes, Serbia can forget about Russia's support for Kosovo in the form of statements. Unfortunately, for actions, the bribe is much higher and Serbia can't afford that.
And Serbia must use this wisely and not corrupt it away as they have done so much of in recent years. They should hire local companies and people whenever possible - but ones without a criminal/corrupt background.
Russia knows that Serbia will become part of European Union and NATO before 2022,for this reason she treats Serbia now as any other European country because she will become part of an anti-Russian alliance.Greece can not be compared with Serbia she is part of the EU-NATO therefore she gets loans with low interests.Russia have the second most stable economy from the g20 and the world's largest reserves with more than 500 billion USD but she is focused in others post-Soviet states that will form the new Soviet Union Eurasian-Union but capitalist not socialist,Serbia will not become part of it therefore she does not help it economically but only in the Kosovo issue.Russia like other large powers do not give money without interest.
"Siluanov said that the credit line would be opened starting with the current year and the annual interest rate was 4.1 percent, the RIA Novosti news agency reported."
These must be the 'favorable russian conditions' Serbian politicians are talking about. Translate: Favorable for Russia :)
Serbia, will pay 4.1% for a 5 year loan. What's even worst,the agreement stipulates that 70% of the work will be done by Russia.
THIS GOES TO SHOW HOW MUCH RUSSIA CARE ABOUT SERBIA, RUSSIA CAR ONLY FOR IT SELF IF SERBIAN GOVERNMENT SMART NEEDS TO MOVE AWAY FROM RUSSIAN GOVERNMENT.
Unfortunately, Serbia has no choice but to sign up to these terrible deals. The Govt spent a lot of money trying to get the Croatian generals convicted. Who knows how much money they have given to veritas over the years. It would be heaps. Even now Savo Strbac is offering 5 million USD on the black market for the "famozni" topnicki dnevnici. We would've spent heaps on the votes of Sudije Pokar and Adzus too. It's time Serbia stopped starving itself to try and buy a version of history that suits its agenda. Time to face reality. Great deal for Mother Russia by the way, they would be laughing.
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