Good morning,
I invitation you to a subjective review of the Russian press that I hope will aid you.. Today an highly long tally of as many as 8 points.
Moscow Times
1. evidence fuel prices in Russia despite low oil prices
Gas prices in Russia reached a historical record. On Wednesday, the price of a tonne of fuel AI-95 increased by 1.6%, to 60,436 rubles, according to the trade results, according to data International St. Petersburg Trade Exchange. This is 7 rubles more than the erstwhile historical maximum, which was set in August 2021.
Gas prices started to emergence systematically a period ago. As early as April 18, the cost of a tonne of fuel was 51,499 rubles. This means that the marketplace price of 95 increased by 17.4% within a month.
The cost of ben, ezyny AI-92 increased on Wednesday by 463 rubles for these, a utjg v., ’, a cona (+0.9%) to 52,780 rubles. This is the highest value since November 2021.
Wholesale prices of petrol are rising due to the decision of the Russian Ministry of Finance to reduce payments to oil companies from the budget, compensating for the difference between petrol costs on the home and abroad markets. At the end of April, Finance Minister Anton Siwanov proposed to cut the petrol silencer by half from July 2023 to July 2024. According to the Minister, after the failure of Western markets, compensation goes straight to the margins of the refinery.
As a result, according to the Ministry of Finance, payments to oilmen from the budget will decrease by 30 billion rubles a month.
In 2022 oil companies received 2.16 trillion rubles from the budget for the fuel shock absorber.
MK. RU
2. Hypersonic rocket creators arrested for treason
Three scientists from the Novosibir Institute of Theoretical and Applied Mechanics (ITAM) who participated in the creation of hypersonic aircraft were arrested by safety forces on the basis of an article for which the maximum conviction is life imprisonment this year.
Tuesday, May 16, and ITAM staff published an open letter informing them of the arrest on suspicion of the betrayal of Waler Zwiegincev, a doctor of method sciences and a major scientist who founded a high-speed aerodynamics laboratory at the institute.
In total, for the last 5 years, a division of the Russian Academy of Sciences, which is celebrated for its large possible in physics and mathematics, has been brought to justice 16 persons, including erstwhile chief, student of the Russian Academy of Sciences Alexander Aseev. 1 scientist, 54-year-old Dmitri Kolker, manager of a quantum optical technology laboratory at the Novosibir State University, died in Moscow detention shortly after FSB arrested him.
It seems that with the start of the operation of the peculiar prosecution device she began to act with revenge, although even during the large Patriotic War on the contrary, scientists were fired to aid strengthen the defense. The first prisoner of 2022, 54-year-old manager of the laboratory of quantum optical technologies of the Novosibir State University, the top-class laser physicist Dmitry Kolker, died a fewer days after being arrested in the dungeons of Lefortov – an investigative detention, before the proceeding – a "criminal" had pancreatic cancer of the 4th degree. According to his son, he was accused of passing state secrets to China (Kolker lectured at 1 of the Chinese universities).
3.Russia sets fresh oil export records: what the catch
Neither the price ceiling nor even its own promises to limit mining prevent Russia from expanding the volume of crude oil exports. According to the global Energy Agency (IEA), in April, the supply of liquid hydrocarbons and finished fuel increased by 50,000 “barrels” and amounted to 8.3 million barrels a day.o
Immediately dispel affirmative propaganda of success: according to the IEA, despite advanced export performance of 5.2 million barrels a day, Russia's gross from supplies of "black gold" abroad proved to be almost a 3rd little than in the same period last year. In turn, the combined taxation revenues from the oil and gas sector decreased by 64%.
Victory over Western sanctions and another economical plexus is not worth celebrating for yet 1 reason. To date, home producers gotta sale crude oil with crucial discounts: according to the Ministry of Finance, the average price of Ural’s ‘barrel’ from mid-April to mid-May was around US$56, while Brent’s oil prices were over US$80. It is easy to calculate that the sale of the Russian blend to the mention North Sea brand reaches 30%.
In particular, our country has gone on to lead the supply of "black gold" to China and India. However, as last practice shows, the quantity of barrels sold abroad no longer generates unchangeable revenues as before.(now mostly made up by Chinese and Indian banknotes),
(I will talk about oil as usual on Saturday Live on the yt Kremlin Show)..
4. Vegetables, sharply costly against the background of authoritative inflation decline (recast article)
May holidays are over and the Russians are now facing an increase in food prices, especially vegetables. There's no illusion here. Even the head of the central bank says Not to relax lately.
Let's just say, honestly, an increase in inflationary force is expected by the end of the year. In general, sooner or later, but we're gonna gotta tighten our belts tighter.
There has been no noticeable price increase in authoritative statistic so far . At first glance, everything is more than fine. In the first 4 months of this year, according to late published Rosstat data, consumer prices increased by 2.06%, which is simply a record: a year ago, they increased by almost 12%. Inflation in Russia has slowed down to 2.3% on an yearly basis – no specified low values have been observed in respective years.
Let's leave the statistic to the government and we'll go to the shelves.
Potato prices have increased from 26 to 80-90 rubles for exported from Egypt(there are besides available our old mostly rotten for 19 rubles).
The buyer is inactive amazed at the prices of onions. 85-90 rubles a kilo. In April, according to statistics, he became the leader of price increases, noting price increases of as much as 22.6%. In December last year it cost our portfolio of 16-19 rubles per kilo. And within 4 months the price has risen 4-5 times!
The white cabbage besides updated its price, after a price increase of 22.5% in the last month.
– There are no problems with cabbage – customers think. She doesn't request much. It will cost at least 70 rubles, anyone can afford it. But potatoes and onions – without them you won't cook anything..
Have you seen the prices? The interviewers are outraged. – 4 chive feathers cost almost 100 rubles.
In general, it's getting more expensive. Here at the supermarket, pores are sold. His price was and remains high. W December last year and May this year costs 300 rubles per kilo.
Experts say it's not the last price increase. There will be more and more until the end of July, erstwhile fresh crops will yet come from confederate regions. But who will the Ministry of Agriculture trust on – a Russian or Central Asian farmer – in the current sowing campaign, no 1 yet knows.
5.Rubel collapsed by going back to the data from the beginning of May: experts give gloomy forecasts
On the Moscow Stock Exchange, the dollar rate has crossed 80 rubles for the first time since the beginning of the month. The euro rose to 87, which was besides the highest level in 2 weeks. The increase in the budget deficit and western sanctions slowing down the proceeds to the state treasury lead to a collapse of the Russian currency. There are reasons to believe that the “woody ruble” will be painfully responsive to these and another negative circumstances throughout the summer, which is why it is likely to proceed to lose value.
Negative dynamics on the stock marketplace only confirmed the shaky positions of our national currency. According to Central Bank data, since the beginning of the year the real effective Rubla rate has fallen by more than 20%. Only in April this figure fell by almost 7%. The ruble rate for the euro fell by almost 22% at the same time, and in April European banknotes gained over 8%.
"The violent weakening of the ruble occurred against the background of reports of an upcoming 11th package of Western sanctions against our economy. At the Hiroshima Summit on 19-21 May, the G7 countries will present fresh restrictions that will address gaps in the circumvention of existing measures. Other causes of the Russian currency's depreciation are the budget deficit, the 52 percent fall in oil and gas revenues and the possible fall in global energy prices, which increased the gap in the vault to 3.4 trillion rubles," said Kirill Dronov. Managing manager Alfa Forex.
In this situation, experts foretell that during the vacation the dollar will emergence to 83-86 and the euro to 80-90 rubles. "In addition to the above economical circumstances, the instability of its course is exacerbated by geopolitical threats, especially related to the activities of events in Ukraine," adds Kirill Dronov.
Kommersant
6. Putin suspends double taxation agreements with the West in late June
At the end of June, a decree by Russian president Vladimir Putin to suspend double taxation (DTA) agreements with "unfriendly" countries will be published. Informs about it Forbes , citing 2 sources acquainted with the preparation process of the document. In March, the Ministry of Finance and the Ministry of abroad Affairs proposed to suspend DTT with "unfriendly" countries.
Suspension means that the reduced or zero rates of withholding taxation set out in the agreements will no longer apply. In principle, the DTT provides for a reduced dividend taxation (5-10% against Russian 15%) and a zero interest rate and royalties (instead of 20%). Persons under contracts could number in Russia the amount of income taxation paid abroad (and vice versa).
In total, Russia has about 80 specified bilateral agreements, of which about 40 have been concluded with "unfriendly" countries. In particular, they are EU countries, including Malta, Cyprus, Luxembourg, as well as the USA, the United Kingdom, Switzerland, Japan and Singapore.
7.Putin's simplification in gas extraction explained the request to keep price levels
President Vladimir Putin said Russia's simplification in gas production is due to the request to support the planet market. At the same time, he acknowledged that gas prices had ‘slightly dropped’, but the situation was described as ‘absolutely stable’.
‘We have set a price for gas. But she sank a little. We're kind of cutting down production, but we inactive have it at the right level. Prices are changing in planet markets. But all of our actions, including voluntary restrictions on production, affect the request to keep a certain price environment on planet markets," said the president at a gathering with members of the government.
At the end of April, Rosstat published a study on industrial production in Russia for the first quarter: according to him, the production of natural gas in Russia decreased by 14.1% annually and amounted to 149 billion cubic metres. m. However, data on the production of oil and gas condensate are not presented in the Rosstat report.
The government suspended publication of any authoritative statistic on hydrocarbon extraction in Russia on 28 April 2023.
8. Money-seeking episode 74.
The draft Act on the compulsory payment of 1% of the bill for visitors to restaurants, bars and nightclubs has been submitted to the State Duma, it is proposed to channel funds to support participants of peculiar operations in Ukraine.
If this combination has made you sweet, you can buy coffee to the author publications.
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