Translated material
The cost of war in Ukraine. Online December 5
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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20:09 From today, the EU embargo on the supply of Russian oil came into force - this is a historic event for the world oil market: Russia, which accounts for 10% of global oil and petroleum products production, will almost completely lose its largest sales market. At the same time, after long disputes, the European Union agreed on a price ceiling for Russian oil. We tell how all this will turn out for Russian oil companies and how it will affect the value of assets.
17:25 The Kremlin has published a video of Vladimir Putin driving a Mercedes car on the Crimean bridge. It was today that its automobile part, partially damaged by the explosion on October 8, was completely opened. In 2018, Putin opened the newly built Crimean Bridge driving a Kamaz.
16:59 The Moldovan media published a photo of a rocket that fell today near the city of Briceni near the border with Ukraine. It was identified as a missile of the S-300 air defense system, presumably Ukrainian.
16:30 Putin signed a law on a complete ban on LGBT propaganda. The Bell wrote about the law itself and its likely consequences here .
15:51 Observers reported new strikes on the energy infrastructure in Ukraine and power outages. In Moldova, which depends on the energy system of Ukraine, there is a blackout again.
14:55 Ukrainian media report air raids throughout Ukraine and the first strikes with cruise missiles. Explosions were noted in the Dnieper and Kramatorsk, the work of air defense - in the Kharkiv and Sumy regions, groups of missiles were found on the flight in the direction of Kyiv.
13:34 Dmitry Peskov said that Putin was informed about the state of emergency in the Saratov and Ryazan regions. For comments, he advised to contact the Ministry of Defense.
13:10 The Financial Times has named President of Ukraine Volodymyr Zelensky the Person of the Year.
In a lengthy article, the FT calls Zelensky a mirror image of his own character in the series Servant of the People and "the antipode of Russian President Putin, who has locked himself in the Kremlin and whose unhealthy passion for the rebirth of the empire has cost tens, if not hundreds of thousands of human lives."
The newspaper compares his presence on social networks with Winston Churchill's radio speeches, calls Zelensky "the standard-bearer of liberal democracy in the fight against global authoritarianism" and "a symbol of the courage and perseverance of the people of Ukraine in the war against Russian aggression." The headline includes a quote from the president: “I have more responsibility than courage.”
12:39 Bloomberg learned that the ninth EU sanctions package includes restrictions against Russian drone manufacturers, in addition to expanded sanctions against participants in the country's financial, media and investment sectors.
11:37 In the meantime, after replacing the damaged spans and roadbed, was opened the automobile part of the Crimean bridge, damaged by the explosion of a truck on October 8, . The span of the railway part of the bridge is structurally weakened due to the fire of the tanks, but it will be changed later: it is heavier and is at a higher height.
11:30 The main military news on Monday morning was a drone strike on an airfield in the Saratov region of Russia. The Ukrainian side is traditionally in no hurry to confirm its involvement, but, according to incoming data , it is precisely about the main airfield of Russian strategic aviation in Engels (from where missile carriers rise to strike Ukraine).
If the information about the use of a drone and the damage to two Tu-95s is confirmed, the ideological effect of the attack on the strategic object of the Russian nuclear triad 700 km from the front line will be difficult to overestimate. Saratov Governor Roman Busargin wrote about the “cotton” and that “there is no cause for concern. Not a single civilian infrastructure object was damaged.”
Separately, an explosion at a military airfield in the Ryazan region and the death of three people are reported, details are not yet available.
10:07 Aleksey Kudrin confirmed that he had accepted Yandex's offer to become a corporate development adviser. “Together with the management, I will develop the corporate structure of the new holding, which will ensure the long-term and sustainable development of the company in all markets, including international ones,” wrote the former chairman of the Accounts Chamber.
about how the new Yandex will be managed after the divorce from the founder Arkady Volozh and appointment to the “Russian” part of Kudrin The Bell wrote .
The main thing for the night and morning:
- The OPEC+ countries decided to pause and not change production quotas with the entry into force of the EU embargo on Russian oil and the price ceiling today. This is an informed decision given the high volatility, uncertainty and price spikes.
- A new massive strike on the energy infrastructure of Ukraine did not take place last week, but, according to Ukrainian media, Russian troops launched rocket attacks on industrial enterprises in Zaporozhye at night.
- Chairman of the Constitutional Committee of the Federation Council Andrei Klishas, in an interview with Vedomosti, did not rule out measures that would “make being abroad less comfortable” for Russians who “fled” abroad with the beginning of partial mobilization. The senator did not give details, but it seems that the Federation Council wants to pay special attention to paying taxes and “limit schemes that allow people to work there and get money from here.”
- Rosstat data show a decrease in the number of the poor - in the third quarter, 15.3 million people, or 10.5% of the population, were below the "poverty limits" defined by the government. At the end of the year, the figure may even be lower than in 2021. The point is the growth of nominal wages and social support, but the potential of the latter has been largely exhausted.
- The first information about the composition of the ninth package of anti-Russian sanctions has appeared. It contains at least 180 points, including Russian banks, media companies and IT. It can be agreed upon at the summit of EU finance ministers on 12 December.
- The EU is preparing a response to the US administration's giant ($369 billion) anti-inflation package. Over the weekend, European Commission President Ursula von der Leyen promised business to simplify and strengthen state support, and French President Emmanuel Macron said that he had agreed with Joe Biden to work to resolve differences that threaten a trade war.
- to more than 7 yuan per dollar on Monday The onshore yuan strengthened , playing out growing market confidence in an accelerated easing of coronavirus restrictions.