Kerry - ^
I don't know why Gazprom with its line to Germany can't pick up the extra 900.
para . . . .
I think Gazprom is probably already funding most of that. Russia owns 38% of it so it gets 38% of the profits. . . in theory anyway. They own over half if you consider how things are set up. Let's see: In 2017,
their net income was $113 billion. Being conservative and using one-third, that would be $38 billion annual income to the Russian government. That would be $2449 billion rubles. You would think they could squeeze that 900 million rubles out of their profits.
Then Putin could say, "We held the World Cup and Germany paid for it."
But then Russia does a lot of spending on the military. That was $69 billion in 2016. That's almost twice the government's annual income from Gazprom.
Trump was annoyed with Germany because he would like more European countries to import American natural gas. I think he may be right too but going about it in the wrong way. Trump allegedly (according to him anyway) told Putin the US had already increased its military budget. I guess that was his way of telling Putin it was futile to try to match American spending. Oh, I see Russia is already feeling the pinch financially and has cut back its military spending.
https://money.cnn.com/2018/05/02/news/russia-defense-spending-plunge/index.htmlMoscow spent 3.9 trillion rubles ($61 billion) on defense in 2017, a 17% decline from the previous year and the first annual drop since 1998, according to new data from the Stockholm International Peace Research Institute (SIPRI).
The decline in spending is a sharp reversal from recent years, when Russia ramped up investment as part of an effort to update outdated military systems by 2025.
Siemon Wezeman, a senior researcher at SIPRI, said that military modernization remains a government priority, but economic conditions have made it difficult to maintain spending levels.
Russia was hit by the double whammy of plunging oil prices and western sanctions in 2014, and it has been slow to recover from the resulting recession. Cuts to the defense budget had been avoided until last year.
"The decision to reduce military spending came only after cuts were already made in most other government areas," Wezeman said.Trump has also been lobbying Saudi Arabia to keep their oil flowing to avoid a rise in the price of oil. The sad fact is the more money Russia makes, the more they have to spend on the military. I think Russia might be better off using the money from Gazprom for sports and to encourage tourism. It would certainly make relations better.
It wouldn't surprise me if the expensive stadiums fell into disrepair. Time will tell what happens.