Translated material
The price of a “special operation” in Ukraine. Online September 2
The Bell continues to conduct online, dedicated to the economic consequences of the "special military operation" in Ukraine, which began on February 24
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21:30 The Ministry of Justice has updated the registers of media-foreign agents and individuals-foreign agents. The first included six people and one media outlet, the second included six more people.
Who replenished the register of media-foreign agents:
- Kirill Fedorov
- Kirill Martynov
- Sergei Loiko
- Yulia Galyamina
- Mikhail Shats
- Sergei Medvedev
- OOO Novosti
Who got into the register of individuals-foreign agents:
- Dmitry Gordon
- Katerina Gordeeva
- Ivan Zhdanov
- Boris Zimin
- Andrey Makarevich
- Fedor Krasheninnikov
19:33 Gazprom has completely stopped Nord Stream for an indefinite period to fix problems. Since 31 August, the gas pipeline has been out of service due to maintenance work on the last remaining turbine. He was supposed to resume pumping gas from tomorrow.
18:21 Credit Suisse predicted the end of the era of low inflation and the beginning of the "great reflation". This will contribute to the split of the alliances of China and America and Europe with Russia, according to the bank. More details in our news .
17:35 Finnish packaging manufacturer Huhtamaki sold Russian assets to the structure of Alexander Govor , who had previously bought McDonald's business in Russia. The Finnish company announced its intention to leave the Russian market back in April. Huhtamaki had four production sites in Russia employing 724 people. The cost of the transaction amounted to 151 million euros.
16:56 The buildings of the Zaporizhzhya nuclear power plant have been destroyed in several places, Rafael Grossi, director general of the IAEA, told reporters. He noted that it is impossible to determine whether the station was attacked by accident or intentionally, but the reality is that "its physical shell" is damaged.
16:07 The G7 countries have confirmed their intention to set marginal prices for oil from Russia. What this price will be is not specified in the joint statement of the finance ministers of the G7 countries. It is also not clear how the control over prices for Russian oil will be exercised.
“We reaffirm our joint intention to prepare and implement a comprehensive ban on services that allow the sea transportation of crude oil and oil products of Russian origin around the world. The provision of such services will only be permitted if oil and petroleum products are purchased at or below the set price,” the statement said.
15:18 Russia Electrolux finally left , selling the Russian business to local management and writing off about $ 33 million. The company remaining in Russia will continue to provide service. There will be no more supplies from the former parent company, there is no Electrolux production in Russia anyway.
14:31 Dmitry Medvedev wrote on Telegram that if the EU introduces a price ceiling for Russian gas, “it will be like with oil. There will simply be no Russian gas in Europe.”
13:46 to According the Financial Times, the G7 countries will announce an agreement on the price ceiling for Russian oil today. For crude oil, it will come into force on December 5, for petroleum products - from February 5, 2023, in accordance with the terms of the oil embargo. Why the effective operation of this mechanism is in doubt, recently told The Bell. Marcel Salikhov, Director of the Economics Department of the HSE Institute of Energy and Finance,
13:26 European Commission President Ursula von der Leyen said that "the time has come to introduce a price ceiling on Russian gas supplied to Europe" and the European Commission will soon announce this initiative. She also stated that European UGS facilities are 80% filled ahead of schedule.
12:06 One of the world's largest producers of industrial gases, as well as cryogenic equipment, Air Liquide transfers control of the Russian business to management and leaves the country . She worked closely with Russian metallurgists (Evraz, Severstal), and in February, in cooperation with Rosatom, she completed a feasibility study for a hydrogen complex project on Sakhalin.
development in Russia stopped In March , another leading company in the industry, the German Linde, . Last year, Linde signed a major contract with Gazprom for the production of helium at the Amur GPP and the production of liquefied natural gas in Ust-Luga.
10:49 The Ministry of Digital Transformation will redistribute the budget, refusing to purchase smartphones for officials on the domestic Aurora OS: the money will go to the development of computing infrastructure for government systems. Officials already have smartphones, and their security can be improved “including through the reliable protection of the communications infrastructure itself.”
The main thing for the night and morning:
- The European Commission has outlined measures for emergency intervention in the work of the energy market. There will almost certainly not be a gas price ceiling among them, but energy companies are planned to be forced to reduce consumption and “haircut” the excess profits . This will help to mitigate the effects of the energy crisis, it is unlikely that energy prices will return to pre-crisis levels and affect inflation and GDP dynamics.
- The main figure in an RBC interview with Dmitry Tulin, Deputy Chairman of the Central Bank for Banking Supervision, is the loss of the Russian banking sector of 1.5 trillion rubles in the first half of the year. Prior to this, banks only lost money in certain months of 2015, and there has been no half-year loss since the indicator was calculated in 2012. Among the 13 largest banks, "the ratio of profitable and unprofitable is 60 to 40%."
- The market for government bonds and investment-grade corporate bonds has turned bearish for the first time in a generation, Bloomberg writes : the agency's index has fallen 20% since its 2021 peak. Investors have found themselves in an uncomfortable reality where stocks and bonds are falling together, and there is no simple insurance against risk: a classic portfolio of 60% stocks and 40% bonds has lost 15% since the beginning of the year.
- Yandex is ready to guarantee AvtoVAZ demand for up to 50,000 vehicles per year for its taxi service and discuss delivery terms, writes Forbes. Yandex expects an acute shortage of cars only in a year, but the usual Kia, Skoda and Volkswagen need to be replaced with something now, and even taxi companies can hardly find new cars on the market.
- Shell on the eve finally surrendered its share in Sakhalin-2 and is preparing to sue Russia. Meanwhile, another of its assets - 50% in the Salym Petroleum Development JV with Gazprom Neft - still found a buyer, learned Kommersant . The deposits of the Salym group want to buy the shipping company Wellnord, about which almost nothing is known. The industry says that the company is Russian-Hungarian, and Gazprom Neft itself may be the Russian side.
- The Ministry of Agriculture of Russia may ban the import of confectionery fats from the EU as counter-sanctions. Theoretically, there are domestic analogues, in practice, switching to them will change the taste of popular chocolate (up to Alenka and Inspiration), and production may be reduced by 6%.
- its revenue sevenfold last year The porn service OnlyFans increased , and its owner Leonid Radvinsky earned $500 million in two years. In 2021, subscribers spent $4.8 billion on the platform.