Resource Tycoon Reborn

Russia has entered mid-June, which can be said to have entered its best season of the year. Without the cold wind in winter that is like a steel knife scraping bones, and without the severe cold that turns water into ice, many countries in the northern hemisphere have fallen into

In the scorching summer, there is a cool breeze here, which is extremely refreshing!

But Russians in 1998 rarely had smiles on their faces! The reason is actually very simple. Russia today is also in financial turmoil! The currency is falling step by step, the business operating environment continues to deteriorate, and the national income continues to fall.

!

Since Russia implemented the "shock therapy" reform five years ago, Russia's gross national product has continued to decline in the following years, and even fell out of the top ten from its original world-leading position! This decline continued until 19

It was only in 1997 that there was some improvement, but the Russian economy, which had stopped falling and rebounded, had not yet allowed Russians to truly experience the growth of personal income. The sudden outbreak of the Southeast Asian financial crisis and the East Asian financial crisis gave them a severe blow.

Great! The beating made the Russian who had just recovered his breath dizzy!

The Asian financial crisis caused global oil prices and the prices of various raw materials to generally fall, which dealt a heavy blow to Russia's export trade, which mainly relied on oil and natural gas exports to earn foreign exchange income and had always maintained a huge trade surplus - 1998

In the first half of this year, Russia's oil foreign exchange income decreased by approximately 7 billion U.S. dollars compared with the same period last year. If we add in the price reduction losses of other domestic resource exports, Russia's actual foreign exchange income decreased by tens of billions of dollars!

This is tantamount to a fatal blow for Russia, whose domestic economy has been in turmoil and recession for a long time since the revolution, leading to fiscal inability to make ends meet, struggling to make ends meet, and a fiscal gap of nearly 20 billion U.S. dollars!

It has always been believed that in order to solve the national financial dilemma, the Russian government had to issue a large amount of short-term bonds and borrow a large amount of external loans, thus laying the foundation for a serious debt crisis. By the end of 1997, the total external liabilities that the Russian government could confirm were

Reaching nearly 130 billion U.S. dollars, its total assets are less than 30 billion U.S. dollars. And the amount of foreign exchange reserves in the total assets is only 13 billion U.S. dollars, which is the total foreign liabilities of the Russian government.

One tenth!

With such a large debt ratio, when the Asian financial crisis broke out and financial institutions in various countries tightened their funds and were reluctant to borrow, the Russian government, which had been accustomed to borrowing new debts to repay old debts, immediately became miserable! According to statistics from relevant Russian departments. 1998

In March of this year, Russia issued less than 20 billion rubles of national debt, but the national debt that needed to repay principal and interest that month was as high as 38.5 billion rubles. This undoubtedly made the already stretched government finances even more tense. According to relevant departments

It is estimated that the Russian government will need to repay up to 31 billion rubles every month in the second half of 1998. If no citizens buy the new national debt issued, the amount of debt repayment will exceed 4% of Russia's monthly national income.

Top ten!

This is a terrible number, which means that nearly half of the Russian government’s monthly income has to be used to repay loans. As a result, the government’s funds for other areas of people’s livelihood will naturally be severely compressed!

This result will naturally have an impact on Russia's financial industry that cannot be ignored! Russia's financial industry is not developed, but there are many domestic financial institutions. There are nearly 2,000 commercial banks alone. At least half of them

The total assets of these banks are no more than a few hundred thousand US dollars. These commercial banks are mainly engaged in high-interest deposit-taking and speculation in the financial market. Among them, Menatep Private Bank is truly a behemoth! However,

Today, Menatep Private Bank is also in operating difficulties due to the turmoil in the financial market. Khodorkovsky is also worried about this situation, although at this time, Menatep Private Bank is also in trouble.

Opportunities for rapid expansion. However, the business performance was so unsatisfactory that he simply couldn’t raise funds!

What makes Hordokovsky even more headache is the declining price of crude oil in the international market! However, in just one year, it has dropped from more than 20 US dollars per barrel to less than 9 US dollars per barrel now! This makes

The profit prospects of Yukosky Oil Company, which was listed just last year, this year are very bleak!

Although. Through the listing, the market value of Yukosky Oil Company, which was purchased for US$400 million in 1995, was pushed to almost US$9 billion in one fell swoop. This made the company control Yukosky Oil Company.

Hordokovsky became one of the richest people in Russia in one fell swoop! He became an idol worshiped by the young Russian generation!

However, this sudden financial crisis caused the newly complacent Khordokovsky and Yukosky Oil Company to fall heavily - more than 70% of Yukosky Oil Company's oil

The output is supplied to the international market. Faced with the international crude oil price that is like riding a slide, Yukosky Oil Company is on the verge of tears!

However, what makes Hordokovsky happy is that his important partner, Fang Mingyuan, who holds 20% of the shares in Yukosky Petroleum Company and is also the largest customer of Menatep Private Bank,

A few years later, he came to Moscow again. This made Hordokovsky look forward to what kind of surprise Fang Mingyuan's arrival would bring him in this turbulent era!

Compared with the turbulent Russia, China has made great strides in the past year despite the impact of the Asian financial crisis! It even proactively promised not to depreciate the RMB, thus effectively avoiding the

The Asian financial crisis is further expanding! And in this financial crisis, China is not without gains!

Many of the foreign investments that were withdrawn from Southeast Asian countries, as well as South Korea and Japan, were transferred to China, which has a relatively stable economic situation. As a result, China received foreign investment last year, which increased significantly compared to the previous year!

As for these industries under the Fang family's name, although Hordokovsky does not know the details, one thing is certain, that is, they should still be profitable, and they are likely to be alive and well.

Nourishing! Otherwise, how could Hong Kong Kumho Film Group claim to spend US$50 million to make a documentary?

Moreover, Hordokovsky also heard that the large-scale evacuation of Chinese Indonesians from Indonesia would cost billions of dollars, and the final consumption would be over five billion U.S. dollars. Hordokovs

Ji doesn’t think there’s anything strange! Most likely the Fang family also had a hand in it. This undoubtedly shows that the Fang family’s business conditions have been good for more than a year!

Besides, Fang Mingyuan, who had not been to Russia for several years, suddenly came to Russia at this time, couldn't he be here for a vacation, right?

Moreover, Fang Mingyuan's original idea of ​​building an oil pipeline to transport crude oil from Siberia to China has entered a difficult ice-breaking period!

As early as the winter of 1994, Yukosky Petroleum Company proposed to the Chinese government the construction of an oil pipeline from Siberia through Mongolia to northwest China!

In the "Agreement between China and Russia on Joint Cooperation in the Energy Field" signed in 1996 after high-level exchanges of visits between the Russian and Chinese governments, the construction of oil pipelines was clearly listed!

But until now, the problem of the direction of the oil pipeline has not been completely solved. Yukosky Petroleum Company hopes that the oil pipeline will go all the way south into the hinterland of northwest China. However, the Ministry of Energy of the Chinese government has proposed that the oil pipeline should be built by Russia's Angarsk Oilfield.

The oil transportation pipeline to Anda City in China. This oil pipeline starts from the Angarsk Oil Field in Irkutsk Oblast, Russia in the west, goes south to the Republic of Buryatia in Russia, bypasses Lake Baikal, and goes all the way east.

Chita Prefecture, enters the territory of China, and finally goes directly to Anda City, the oil city of China!

Due to differences of opinion between the two parties, an agreement cannot be reached, so whether the oil pipeline should go east or south is a question!

"Mr. Hordokovsky, my opinion is very clear on this issue. The oil pipeline must go south!" Although Fang Mingyuan was smiling, his tone was full of no doubt.

Hordokovsky shrugged slightly, spread his hands, and said helplessly: "Mr. Fang, our Yukosky Oil Company also proposed to your government to go south, but it was rejected by your government.

Rejected! They insisted that if we plan to transport oil to China through the oil pipeline, we must go east, and the end point must be located in Anda City, your country!"

Fang Mingyuan waved his hand and said: "Mr. Hordokovsky, I think this issue has been made very clear to us at the beginning. I support your acquisition of Yukosky Oil Company, but in return, you must build an oil pipeline."

Come support me with the oil pipeline to China!" Fang Mingyuan deliberately emphasized the tone of "support me"! Fang Mingyuan will never agree to the construction plan of the An'an oil pipeline! In that case, he will only repeat the mistakes of his previous life.

!Make wedding dresses for the Japanese!

Hordokovsky couldn't help but feel his heart skip a beat. At that moment, he noticed Fang Mingyuan's obvious dissatisfaction!

"Mr. Fang, of course I want to support you! But if your government doesn't approve it, I can't do anything about it!" Hordokovsky said with a resigned expression, "I am just a small private oil company.

Being able to convince our government is my limit. I really can’t handle your government!”

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