Translated material
The cost of war in Ukraine. Online November 28
The Bell continues to conduct online, dedicated to the economic consequences of the war in Ukraine, which began on February 24.
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22:57 On Monday, the EU countries again failed to agree on the maximum price for Russian oil. According to Reuters, the situation remained unchanged: “There is no agreement. Legal texts have already been agreed, but Poland cannot yet agree on a price” of $65 per barrel.
16:25 Kommersant learned about the postponement at the request of the Russian side (in fact, the disruption) of the meeting of the bilateral consultative commission on the Strategic Offensive Arms Treaty (START) between Russia and the United States. It was to be held November 29-December 6 in Cairo. The main issue was to be the resumption of mutual inspections.
16:00 A group of "energy migrants" has appeared in Europe, choosing countries for wintering on the basis of cheap energy. Reuters cites the example of Viktor Varlamov, a programmer who left Polish Gdansk for southern Spain. In Poland, he and his family spent 200 euros a month only on electricity, in Spain he pays 140 euros for the entire communal apartment and the Internet, not counting the rent of an apartment that has fallen in price by 250 euros.
As a constantly warm place, the Canary Islands purposefully (and successfully) advertise themselves, where both hotels and co-working spaces are almost full for the winter. According to the agency's estimates, profile searches from Northern Europe for winter accommodation in Spain grew by a third year-on-year.
15:21 The most significant news so far on Monday about the course of agreeing on the price ceiling for Russian oil is a Politico message citing a European diplomat from a “country advocating a higher level” that the United States is putting pressure on countries so that the ceiling is still was agreed. At what level, it is not clear, but presumably we are talking about a value below $65.
14:00 The EU has added sanctions circumvention to the list of crimes against the European Union. This means that different interpretations of the restrictions have been removed, which until now were possible due to differences in national legislation and "potentially allowing people under sanctions to retain access to their assets."
13:10 The West is considering several proposals to overcome the crisis in the supply of high-precision weapons to Ukraine, writes Reuters. One of them is Boeing's GLDSB system, combining a cheap M26 rocket projectile (can be launched from HIMARS systems) and a serial SDB glide bomb with 16 kg of powerful explosive as a warhead.
The relatively cheap GLDSB will give the Armed Forces a high-precision weapon with a range of up to 150 km. This is half that of the ATACMS missiles that Ukraine demands from the United States, but more than all of Ukraine's mass weapons. In the modern configuration of the front, a bomb combined with a missile would make it possible to attack targets in Melitopol, Mariupol and in the north of Crimea.
11:24 "Gazprom" will not reduce the supply of gas to Moldova in transit through Ukraine: the concern received money for the gas "settled" in Ukraine. Official Chisinau explained that it keeps its own gas reserves in the neighboring country.
The main thing for the night and morning:
- Over the weekend, protests against "zero tolerance" for the coronavirus swept across China's largest cities. The leadership of the country faced a choice between two evils, and the world economy faced the prospect of further slowdown. Brent quotes fell to $81.
- over the weekend With the ceiling on Russian oil prices without much change: the Union countries continued to argue over a specific figure (the maximum is $65 per barrel of Urals), Poland continued to insist that this was too good for Russia. President of Ukraine Volodymyr Zelensky spoke for $30-40. The day before the oil embargo goes into effect on December 5, Russia will hold consultations with OPEC+ members, including Saudi Arabia.
- Gazprom is mothballing equipment at the compressor stations of both Nord Streams. Three lines have been blown up, the future of the fourth has not been determined, and it is impossible to transfer the unique equipment to other stations.
- The Ministry of Transport decided to curb motorization with new recommendations for organizing parking. There should be fewer places on the road network and within blocks, and more places in organized parking lots, parking lots and garages. At the same time, the "Moscow" threshold for the introduction of paid parking - a constant 85% occupancy of parking spaces - is recommended to the whole of Russia.
- The American Chevron received a license from the Biden administration to resume oil production in Venezuela, and most importantly, to export, closed by sanctions since 2019. True, all this oil will go to the United States, and the money from its exports will be used to pay off Venezuela's debt to Chevron, bypassing the government of Nicolas Maduro.
- The purchase of VimpelCom by management, which was announced last week, is likely to be financed by one Sberbank, writes Vedomosti. Sberbank is already the main creditor of VimpelCom, and the company's CEO Alexander Torbakhov is a former deputy chairman of the state bank. But a pool of state-owned banks - Sberbank, VTB, Gazprombank - and Alfa-Bank is not excluded.