Russia Day Six

 Today we made contact with Russian Students:
This was our first chance to make contact with a Russian teacher and students.  The teacher spoke perfect English and we were able to agree to take photos of students.  You will notice that the students are wearing school uniforms and that they are on a field trip in a local Russian Museum.  When we were in the museum we had to pay about $5.00 admission and we had to check our coats and hats.  Always remember to take off you hat when you are in a public building in Russia.  Look around, and do what the Russian do.  If you hold a door open for someone you may not get a repose or a thank you.  I try to show good manners when I come in contact with anyone.  I have not seen any homeless people on the street.  I did see one older lady in about her 80 begging for money on a busy street corner.  It is much too cold to be living out on the street.
How can American improve our relations with people all over the world?
1. Start by having honest communication with other students from around the world?
2. Come up with ideas that will help to make this world a better place.
3. Treat everyone with respect.
4. Listen to what other people have to shay.
5. Try to understand the other peoples point of view.
6. Remember that our county is only one member of a nation of countries.
7. Take the time to learn other languages.
8. Get involved in reading about other countries.
9. Find a Kids Talk Radio penpal in Russia.
10. Get a newspaper from different countries.
Each day when I get dressed to go out and do a photo assignment, I think that I am going out on a moon assignment.  It is very cold and you have to protect your feet.  When your feet get too cold your time will be short walking on the snow.   This photo was taken in November.  They say that January and February get even colder.  In some sort of strange way I am starting to like putting on my winter clothing.  All of this must sound so strange to all of my friends on the Cabo Verde Islands.  I have been keeping in touch with Angelo Barbosa at the University of Cape Verde.  He get to look at these photos everyday.
This is a photo right outside of my apartment in Ufa, Russia.  This amount of snow fell in just a few hours during the night.
Right now, I am studying how Russian money works.  This is a good idea before you come to Russia.

Currency Regulation in the Russian Federation


Learning About Russian Currency for Kids Talk Radio Student Backpack Russian Journalists.

The currency regulation system of the Russian Federation is based on the assumption that certain currency operations stipulated by the Central Bank of the Russian Federation may only be carried out with the possession of a licence obtained from the Central Bank. Obtaining such a licence takes from one to several months and requires that a number of documents be submitted.

Violations of the existing procedure for currency operations procedure entail penalties in the form of an exaction of 100% of the amount of the transaction to the budget of the Russian Federation.

Goods (work, services) may not be sold for foreign currency cash in the Russian Federation. For shopping purposes, foreign individuals may exchange hard currency cash into roubles in special currency exchange offices.

5.2 Regulating Operations Denominated in the Currency of the Russian Federation

Russian legal entities are free to effect unlimited settlements with each other in roubles. Russian legal entities involved in rouble transactions with foreign legal entities should follow the procedure established by the Central Bank of the Russian Federation, as such transactions are considered currency operations.

Russian legal entities must carry out all export and import transactions and transfer roubles and rouble-denominated securities across the border according to a special procedure established by the Central Bank of the Russian Federation.

There are certain restrictions imposed on foreign legal entities with regard to the following operations carried out in the Russian Federation in roubles:

  • settlements between Russian and foreign legal entities;
  • purchasing and using roubles in the Russian Federation; and
  • the export and transfer of roubles and rouble-denominated securities from the Russian Federation, as well as the import and transfer of roubles and rouble-denominated securities into the Russian Federation.

Foreign legal entities are able to open foreign currency bank accounts in Russia without a license from the Central Bank of Russia.

Foreign legal entities may also open three types of rouble accounts in Russia: a current (T-type) account, an investment (I -type) account and a special (C-type) account, with no restrictions.

A T-type account is used for servicing export and import transactions and maintaining the operations of the representative office or branch in Russia. This account may be used for paying obligatory taxes, making social insurance contributions and covering other expenses related to the local office’s operations.

An I-type account is used for various investment activities, including payments in transactions involving the sale/purchase of assets with foreign investment..

A C-type account is used to invest in Russian government securities.

Each of these accounts may only be used in accordance with the procedure established by the Central Bank of the Russian Federation and has certain restrictions.

5.3 Currency Regulation of Operations Carried out by Russian Legal Entities

In order to open bank accounts outside the Russian Federation, Russian legal entities must obtain a special licence from the Central Bank of the Russian Federation.

There are no restrictions imposed on Russian legal entities with regard to opening foreign currency accounts in Russian banks in the Russian Federation and carrying out the following transactions:

  • hard currency bank transfers to and from the Russian Federation for prompt settlement of payments for exported and imported goods, (work, services, results of intellectual activities) without deferral of payment, and for making settlements under export-import loan agreements concluded for less than 90 days;
  • receiving and extending financial loans for less than 180 days;
  • bank transfers to and from the Russian Federation of interest, dividends and other income on deposits, investments, loans and other capital flow operations;
  • bank transfers of a non-trading nature to and from the Russian Federation, including transfer of salaries, pensions, alimony, inheritance and other similar transactions;
  • bank transfers of foreign currency from the Russian Federation as payment for imported goods, work (services) after these goods have been imported into the Russian Federation or the work (services) has been accepted;
  • posting foreign currency to currency accounts opened in an authorised bank in the Russian Federation as payment for exported goods (work, services) before these goods have been cleared through customs and the work and services have been accepted; and
  • a number of other transactions specified by the Central Bank of the Russian Federation.

Foreign currency operations other than those listed above may only be carried out by Russian legal entities that have obtained a special licence from the Central Bank of the Russian Federation. Such operations are considered capital movement operations.

Currency operations related to capital movement include:

  • direct investments, i.e. contributions to a company’s charter cap ital made in order to generate revenue and to obtain the right to participate in the management of the company;
  • portfolio investments, i.e. acquisition of securities;
  • transfer of payments for rights of title to buildings, constructions and other property including land and its resources, which, under the laws of the country where they are located, are considered real estate property and also payments for other real estate property rights;
  • granting and receiving a payment extension of more than 90 days with respect to the export and import of goods, work, services, results of intellectual activity; and
  • loans to/from foreign companies for a period exceeding 180 days.

All earnings received by Russian legal entities in foreign currency from the export of goods, work and services must be credited to their accounts in authorised banks in the Russian Federation, unless the Central Bank of Russia has stipulated different payment arrangements.

75% of export revenue received by Russian legal entities in foreign currency are to be sold through Russian banks on the local currency market.

Russian legal entities may buy foreign currency on the local currency market in order to pay invoices of foreign suppliers or to make interest and dividends payments. To this end, they authorise their bank to purchase foreign currency Prior to acquiring foreign currency for making payments for imported work, services and results of intellectual activity exceeding the equivalent of 10,000 USD, Russian legal entities must obtain a statement from currency control authorities confirming that the necessity to acquire foreign currency to make such payments is justified.

5.4 Currency Regulation of Operations Carried Out by Foreign Legal Entities

Foreign legal entities are free to remit, import and transfer currency valuables into the Russian Federation in an unrestricted fashion, provided customs regulations are followed.

Foreign legal entities are free to remit, export and transfer currency valuables from the Russian Federation, provided customs regulations are followed, if these currency valuables have been earlier remitted, imported or transferred into the Russian Federation or purchased in the Russian Federation in accordance with the legislation of the Russian Federation. Otherwise, transfer and export of currency valuables from the Russian Federation are subject to restrictions stipulated by the Central Bank of the Russian Federation.

Representative offices and branches of foreign legal entities in the Russian Federation have all the rights of foreign legal entities and are not required to obtain special licences from the Central Bank of the Russian Federation in order to carry out foreign currency operations.

Representative offices and branches may receive payments in foreign currency in their currency accounts without restrictions and are exempt from the mandatory conversion of 75% of their currency earnings, which is applicable to Russian legal entities. Furthermore, transfers of funds between a head office and its Russian representative office or branch can be carried out without restrictions. Foreign legal entities are entitled to open bank accounts outside Russia to conduct the operations of its representative offices or branches located inside the Russian Federation without obtaining special permission from the Central Bank of the Russian Federation.

5.5 Penalties For Violating Currency Regulations

Russian and foreign legal entities violating currency regulations are subject to the following penalties:

  • exacting to the budget 100% of amounts received from transactions performed in violation of currency legislation of the Russian Federation; and
  • and exacting to the budget 100% of the amounts received as the result
Learning the Russian Language:
1. Learn how to count your money.  When you go to buy something they will call out the amount that you need to pay.  If people notice that you do not speak Russian they will point to the amount on the cash register.
2. Always carry your passport.
3. Download a Russian translation program onto your iPhone and iPad.  This helps you to take your Russian language with you when you are away from the appartment.
4.  Write down the name, address and phone number of your hotel or apartment in Russian and English.
5. Ask permission to take photographs. 
6. Check your bags when entering a store to go shopping.  Store will provide lockers for you to use.
7. Learn how to turn on the oven in your apartment.  We went for five days without turning on the oven.
8. Always make lists in Russian and English before you go shopping for food.
9. Use your Kids Talk Radio Russian iPad and iPhone software with important phrases to help with Russian translations when on the road traveling.
10. Remember you are in Russia learn about local customs.  You are a quest in this country and you need to show respect at all time.  Keep the volume on your music down.  Watch the volume that you use when talking on your cell phone in public places.  Be sure to leave a tip, after buying food or drink.
 Kids Talk Radio Student Backpack Journalists Russia: Training Projects
Your job is to report the news so that American students get an idea about what is it like to be Russian.  Always tell the truth.  Report the news in a fair way.  Get to the hart of the story and report the news exactly how you see it. Trade relations between Russia and the US are very important and it effects millions of people.  What can you add to the news story below?  Are there any side stories that we should be following?  What are the back stories?

Jackson-Vanik Repeal, Combined With Magnitsky Act, Passed by U.S. House

16 November 2012 | Issue 5015
The Moscow Times


The U.S. House of Representatives passed a bill Friday affecting trade to Russia and stipulating sanctions against suspected human rights abusers.

The U.S. House of Representatives passed a bill Friday affecting trade to Russia and stipulating sanctions against suspected human rights abusers.

The U.S. House of Representatives on Friday passed a landmark bill that would allow permanent normal trade relations with Russia and at the same time punish Russians suspected of human rights abuses, including those involved in the death of Hermitage Capital lawyer Sergei Magnitsky.

The bill, which would repeal the Jackson-Vanik amendment of 1974 that denied trade advantages to the Soviet Union for hindering the emigration of Jews and other groups, passed with bipartisan support.

The bill will now go the Senate, where its supporters expect it to be approved. It has the backing of U.S. President Barack Obama, who could sign the bill before the end of the year.

Deputy Foreign Minister Sergei Ryabkov said Friday that there will be “tough” but not necessarily “proportionate” retaliation if the bill becomes law, Interfax reported.

Ryabkov said mutual respect was lacking in bilateral relations, and he repeated Russia’s long-standing position that the U.S. is attempting to interfere in the country’s domestic affairs.

The Magnitsky act, named after lawyer Sergei Magnitsky, who died in a Moscow prison in 2009, stipulates visa bans and a freeze of assets for Russians determined to have been involved in the arrest, abuse or death of Magnitsky, and for others responsible for human rights abuses in Russia.

The House vote came on the three-year anniversary of Magnitsky’s death.

An investigation by the Kremlin human rights council found that Magnitsky’s arrest and detention were illegal and that he was severely beaten on the day he died.

Magnitsky was arrested in 2008 on suspicion of fraud and tax evasion, charges his colleagues said were fabricated by investigators who he had accused of obtaining a fraudulent $230 million tax refund.

The version of the Magnitsky act published on the House website this week states that the list of people subject to sanctions should be determined on the basis of “credible information” and should be made available to the public.

The bill mentions other prominent criminal cases criticized by human rights advocates, including that against jailed former oil tycoon Mikhail Khodorkovsky and his business partner Platon Lebedev, and says the Magnitsky case seems to be indicative of a bigger problem in Russia.

“Sergei Magnitsky’s experience … appears to be emblematic of a broader pattern of disregard for the numerous domestic and international human rights commitments of the Russian Federation and impunity for those who violate basic human rights and freedoms,” the bill says.

Democrats in the House were particularly pleased with the inclusion in the bill of the Magnitsky act, Washington-based newspaper The Hill reported Thursday.

The House voted to link the Jackson-Vanik repeal to the Magnitsky act on Thursday, in a move praised by both parties.

Republican David Dreier said the trade measure would benefit the U.S. economy and be a boon for Russians, who he said “deserve better than they’ve gotten,” adding that “Vladimir Putin is not a good guy,” the Associated Press reported.

Kids Talk Radio: Russia Today

What is it like in Russia today?Image

I am starting to see lots of signs in English on the fronts of stores in the middle of Ufa, Russia.  I was very surprised to see this.  Mc Donalds is here along with Coca Cola and all of the major car companies.  On my last walk, saw street signs in Russian and English.  This made it possible for me to follow my map and read the names of streets in English.  What will it take to walk down a street in America and see a Russian street sign?

We found a fantastic bookstore in downtown Ufa.  They had school supplies and books on a wide range of topics.  I bought two chemistry notebooks for my good friends at the USC School of Engineering.  I pulled out 200 rubles to pay for the books and got 60 rubles back in change.

The ruble or rouble (Russian: рубль rublʹ, plural рубли rubli; see note on English spelling and Russian plurals with numbers) (code: RUB) is the currency of the Russian Federation and the two partially recognized republics of Abkhazia and South Ossetia. Formerly, the ruble was also the currency of the Russian Empire and the Soviet Union before their dissolution. Belarus and Transnistria use currencies with the same name. The ruble is subdivided into 100 kopeks (sometimes transliterated kopecks, or copecks; Russian: копейка, kopéyka; plural: копейки, kopéyki). The ISO 4217 code is RUB or 643; the former code, RUR or 810, refers to the Russian ruble before the 1998 redenomination (1 RUB = 1000 RUR).

Currently there is no official symbolfor the ruble, though the abbreviation руб. is in wide use. Various symbols have been suggestedas possibilities, including “РР” (Cyrillic for “RR”), an “R” with two horizontal strokes across the top (similar to the Philippine peso sign), ₱, a “Р” with one horizontal strike.






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