Summary of the Week 15.04.23

ekonomiarosji.pl 2 years ago

As all week I invitation you to the latest subjective list of top 10 information from Russia. Today's compilation of 1 of the best I've been able to prepare and as usual it's filled with economical data. There will be much about the search for funds for war by the government and Russian MPs. We will mention the race between North Korea and Russia in the ranking of China's most dependent economies.

Here we go!

Place 10 celebrated French Russian actor with allegations

Gérard Depardieu faces fresh allegations of sexual misconduct from 13 women who spoke to the French news portal Médiapart within the framework of an investigation which has been ongoing for months.

Report Médiapart , published on Wednesday, describes in item many cases of groping, obscene comments and the inappropriate actions of Depardieu on films and televisions from 2004 to 2022, including in French comedy Big House , a biography from the era Dumas and the crime series Netflix Marseille .

Depardieu refused to comment on this issue, but through his Paris law firm Cabinet Temime denied any criminal behavior.

Let us remind you that in 2018, following the movement #Metoo , French actor Charlotte Arnould filed authoritative charges of rape against Depardieu, accusing an actor who was her father's close friend, of twice rape and sexual assault at his Parisian residence in the summertime of 2018 after she went to him for acting advice. The effort by Depardieu to overturn the charges was rejected and the case is now besides pending by French courts.

In 1978, Gérard Depardieu gave an interview in which he admitted that he had been active in rape at the age of nine. Then he was to commit rape many times.

– There were besides many to count. There was nothing incorrect with that. The girls themselves wanted to be raped. I mean, there's no specified thing as rape. It's just a substance of how a girl puts herself in the situation she wants to be in," Depardieu convinced.

The words of a Russian citizen are crucial and ominous. His contempt for another people fits perfectly into Russian society.

. Place 9 Russia begins to close limits for men

The electronic call system, which is launched in Russia against the background of plans to increase the army's size by respective 100 thousand, includes a ban on leaving the country, follows the adopted draft law on a fresh collection mechanism.

"Citizens under military service and received a call from the military station, from the date on which specified a call is deemed to have been served, as a temporary measurement to guarantee that they appear on the agenda, must not leave the Russian Federation," says the document

The fresh standards, which have been developed against the background of Kremlin plans to increase the army's numbers to 1.5 million people, will begin to work in the coming weeks.

In the close future, governors and local authorities were instructed to find a minimum of 400,000 volunteers and contract soldiers for the army fighting in Ukraine, The authorities hope to avoid open mobilisation, the first wave of which hit the regime's ratings.

However, most experts uncertainty the anticipation of specified a number of volunteers. In addition, it appears that the number of mobilised in the last mobilization was yet lower than reported by the authorities.

There was besides the first amazing data on spring intake. On 50,000 sent calls 21,000 conscripts were incarnated into the army and 29,000 received a continuance or position incapable to fight.

Place 8 Duma proposes 2,000 rubles of war taxation all month

The author of the thought is the MP Oleg Nilov, who proposes that the Russians under the age of 45 pay up to 3% of the additional individual income tax. In his opinion, the funds raised should go to the needs of the army.

"Do you want to sleep quietly and not think about mobilization? Give 3% on individual income tax. Is it hard? It is thousands of rubles from each of the 40 million (unless it spread out with that number of men), it turns out that it is over 50 billion rubles a month. It is not just about expanding budgetary revenue, it is about utilizing it in a targeted way. For the mobilised, for participants in peculiar shares, this will in rule double the current backing of each NWO participant.

It proposes introducing a taxation for all men. This amount can only be collected from 34 million conscripts in Russia (this is yet as much as Mr. Olegu, don't you know). There are inactive many millions of men without conscription who for various reasons did not serve. Of course, we're not talking about health. If you are liable for military service, you may be called into the army, but not called in. And now if you are in a warm house, help!.

It's not a burden, it's not a punishment, it's a variant of universal support for all our heroes who first went to the trenches.

It seems that pride will accept the proposed task after the amendments, despite the excellent data that the government boasts, although it is constantly seeking money.

Place 7 Government seeking money from oil companies (part 1)

Ministry of Finance is reasoning of a fresh correction in taxation of oil companies
Another thought of correction in the taxation of oil companies is discussed, said the head of the department, Anton Siluanov, in an interview with Naila Askar-zade.

In mid-February, the government submitted a draft bill to the State Duma with amendments providing for a change in the procedure for setting oil prices for taxation purposes of oil companies.
Let us remind that the model proposed in the bill for calculating taxes on oil companies means that the quotes of Russian Urals oil should not be lower than Brent's cost minus $25 per barrel since July 2023.

However, in April, the amount of $34 will be deducted from Brent's value to reduce it in the following month.

The revision proposed by the Minister is expected to lead to faster reaching July values in May and June.

The argument, ,are to be the current Urals oil price in the interior marketplace that exceeds $60 and, considering abroad markets, it is $55. the differential to Brent is already $30. Therefore, it appears that in April the taxation according to the fresh expression will be lower than if the companies were paying from the marketplace price of Urals.

Place 6 Government seeking money from medium-sized companies and regions(part 2)

The taxation monitoring mechanics is to be extended to medium-sized enterprises. To do so, its thresholds will be reduced 3 times: in terms of yearly turnover and assets – from 3 billion to 1 billion rubles, in terms of the amount of taxes paid – from 300 million to 100 million rubles. The expansion is likely to affect mainly medium-sized industrial enterprises in the regions, which are presently concentrated on state support under import substitution schemes. This will let up to 450 companies from 18 industries to be monitored, which supply a 3rd of the budget revenue.

The fresh fiscal policy involves expanding control over budget money. Anton Siluanov called on the governors on Friday to concentrate not on the improvement of funds received from the centre, but on achieving crucial economical results – on occupation creation, expanding the GRP and, above all, expanding taxation potential.

What this means for the regions I will tell on the nearest vlog.

Place 5 The Ministry of improvement estimated the GDP of fresh regions at EUR 2 trillion

The nominal GDP figure, taking into account the 4 annexed regions, will be 159, 81 trillion rubles in 2023 and without them – 157, 777 trillion. Thus, the full GDP of the 4 fresh regions is estimated at 2 trillion rubles (25 billion USD).

Russia's GDP in 2022 was 153, 435 trillion rubles, taking into account "economic activity related to fresh territories". We are talking about "actions for the production and production of goods and services carried out in the territory of 85 entities, for final consumption in the territory of fresh entities" - explained the Ministry of economical Development.

In early April, Rosstat reported that GDP for 2022 was 153,435 trillion rubles. excluding statistical information on DRL, LRL, Zaporoze and Kherson circuits. GDP decreased by 2.1% compared to 2021.

According to the next macroeconomic forecast of the Ministry of improvement – the 4th in the last 12 months – the GDP of the Russian Federation will increase by 1.2% in 2023.

Someone from the readers can rapidly conclude that growth will be achieved by occupying fresh areas. However, this will be a partial truth, due to the fact that in the case of fast GDP calculation with a deflator, inflation should be taken into account.

The Ministry modestly predicts that, against the background of sanctions, the embargo on oil and the cut-off of gas supply to most European countries, the economical income from exports will drop by USD 122 billion, and their yearly volume – USD 466 billion – will be even lower than originally expected (529 USD). billion).

Economic growth is to guarantee war production and public investment If we exclude industries related to the state defence order, the rate of decline in industrial production in Russia is about 8%, assessed by Dmitri Polawoj, investment manager Loko Invest.

According to him, it is hard to call this situation "fully healthy". Bullets and bombs adorn economical statistic on paper, but on the Ukrainian front the budget is being burned. And the Russian authorities are arrogant of economical data, not to be taken as a good coin – they have long been part of the propaganda machine, says Agat Demarais, manager of Forecasting Economist Intelligence Unit.

“The production of tanks and missiles does not rise the standard of living,” he recalls. "Part of the GDP [Russia] is rapidly destroyed on the battlefield".

Place 4 of the Primojin calls for the end of the war?

Russia has fulfilled the tasks of the invasion of Ukraine, He said in the founder of private military company Wagner, Evgeny Prigozhyn .

In a way, we truly achieved it. We have killed a immense number of soldiers of the Armed Forces of Ukraine and we can say to ourselves that the tasks of the “NEW” have been carried out. Russia cut off the Azov Sea and a large part of the Black Sea, took up a large part of Ukraine's territory and formed a land corridor in Crimea," Prigożyn mentions.

Reflecting on the current sentiments in the country, they note that "to authorities and to society as a whole, a climax must be presented today" in this war. According to the Prime Minister, the perfect option would be to “announce the end of the SVO and inform everyone that Russia has achieved its intended results”.

In his opinion, there may be different scenarios for developments in this situation. One of them is to break up the Armed Forces of Ukraine and to proceed to take over the Ukrainian territories, but Prigozhyn considers this to be “little probable”. The second option is the defeat of Russia. At the same time, he is convinced that, in contrast to the "agreement", both scenarios will be for the good of the country, which even in the event of "falling down" will emergence from the blow and be able to take revenge

"Radical national sentiments will rise, due to the fact that after all military defeat the Russian arms manufacture will act with a ten-fold effort. economical efficiency will overcome the drowsy, inefficient public capital. The state will get free of bureaucracy, the processes will become transparent, and Russia will turn step by step into the Haunted Military Monster, with which the global community will gotta deal more than it should be expected," explained Prigożyn.

I guess those words don't should be peculiarly about economical efficiency.

Place 3 Russia faces a deficit in trade with China

Trade turnover between Russia and China increased by 38.7% between January and March, reaching $53.84 billion, reported the General Customs Administration of the People's Republic of China on Thursday.

According to the published data, exports from China to Russia increased by 47.1% in 3 months and amounted to about USD 24.07 billion and imports of Russian goods and services increased by 32.6% to US$ 29.77 billion. Thus Russia's affirmative balance in January-March reached $5.69 billion..

In March, the volume of trade between the 2 countries was USD 20.06 billion, an increase of about 23% compared to February. Imports from Russia amounted to US$11.02 billion and exports were 10.04. Thus, the surplus for March amounted to just $1.02 billion.

In the following months, it is expected that, despite the more costly Urals oil, Russia will evidence a deficit in trade with China at the end of the 2nd quarter.

This means that Russia in 2023 cannot number on repeating the surplus from 2023. As early as January and February, the overall trade surplus decreased 3 times and data on exchanges with China indicate that this trend will deepen. Without a crucial surplus, it will be impossible to keep the ruble course and the economy without strong external support.

However, the trade structure is poorly presented.

The main part of the goods imported from the Russian Federation to China is oil, natural gas and coal. Other key goods imported from Russia are copper and copper ore, wood and seafood. China exports to the Russian Federation a wide scope of products, a large part of which include smartphones, industrial and specialized equipment, children's toys, shoes, vehicles, air conditioners and computers.

Before the start of a peculiar operation in Ukraine, China supplied about 25% of the goods, now the number may be over 50%.

"As far as imports are concerned, Russia is presently the most dependent country on China, second after North Korea".

Place 2 fresh wave of inflation in Russia

Since the beginning of this year, the ruble has weakened against the dollar by almost 20%. Interestingly, 1 3rd of this decline occurred in April: in the first week, the fall in the national currency exceeded 8%.

While analysts are talking about erstwhile the Russians see a dollar for 85 rubles, the process of rising commodity prices has gradually begun. The first “claws”, which recorded a 10% increase in prices, were abroad car dealers. Then furniture sellers warned against akin increases in prices. Furniture can increase by 10-15% by the end of the second quarter. Of course, the price increase process will not be limited to furniture and abroad cars. – They will definitely increase the property, (it will prove ) like services: dentistry, tourism, medicine – says Julia Korchagin-Osian, founder of the Academy of Business and strategical Marketing. – The full construction industry: varnishes, paints, tiles and everything else. As well as food: milk, cheese, fish, meat, eggs. The increase in clothing and footwear prices will be somewhat little pronounced, as much depends on production and the company. The price of electronics will increase by 10 to 20%.

According to Rosstat, authoritative inflation in Russia is 3.5%.

Seat 1 Penalties gain momentum

This is at least what Russian economical experts say Russian data (with a dedication to Polish fans of Russian Miru).

By April 2023, 3.8 1000 Russian companies and 8.2 1000 citizens of the Russian Federation were sanctioned by abroad countries, calculated the service analysts Kontur.Prisma . Prior to the start of the Russian assault in Ukraine, there were 1.6 1000 legal persons and 2.7 1000 persons on the sanction lists. However, in fact, the number of companies subject to sanctions is clearly higher: due to the "rule of 50%", restrictions apply to organisations that are more than half related to the company which has been subject to direct sanctions. Thus, the full number of legal entities sanctioned by April exceeded 12 thousand.

One 3rd of the companies subject to primary sanctions are registered in Moscow and the region – 1.5 thousand, in St. Petersburg – another 375, in Crimea – 151. "First of all, sanctions have been hit by investigation institutes (agricultural, nuclear, gas), plan offices and a military-industrial complex. The main nonsubjective of these activities is to limit access to abroad technologies, equipment utilized in production, and to prevent the sale of manufactured goods abroad," said Svetlana Kirlanova, Head of the Kontur project. So most restrictions were imposed on investigation and improvement companies – 327 legal persons, education organisations – 241 companies. The 3rd place includes credit institutions (91 legal entities).

So far, the pace of the increase in restrictions has accelerated smoothly: in 3 months 2023 864 Russian legal entities were sanctioned, 724 companies were sanctioned in the 4th fourth of 2022 (see chart). In 2023, the rate of introduction of primary restrictions is likely to fall, but will be compensated, according to marketplace participants, by point restrictions and tightening of the secondary sanction regime, as a consequence of companies that have complied with the restrictions, may lose fresh supply channels. As early as April, the EU intends to introduce a fresh set of restrictions, primarily aimed at strengthening control over the restrictions already imposed.

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