The Russian authorities came to business for money to replenish the budget. As The Bell found out this week, the government has demanded that large companies make a one-time payment of 200–250 billion rubles ($2.8–3.5 billion) to the budget. And this is in addition to the tax recalculation for 2022, launched in December, which could cost the entire economy another 1.8 trillion rubles ($25 billion).

THIS MATERIAL (INFORMATION) IS PRODUCED AND DISTRIBUTED BY A FOREIGN AGENT OF THE BELL OR IS RELATED TO THE ACTIVITIES OF A FOREIGN AGENT OF THE BELL. 18+ The record budget deficit since 1998 in January forced the authorities to look for ways to get more oil and gas revenues. First, Russia will reduce production from March, thereby increasing the shortage of oil in the world market, the demand for which is growing due to the opening of China.

The strategy for the trend is rapidly returning to the markets: after a long lag in profitability in the 2010s last year, it brought investors high profitability. What is this fashionable idea and how can investors use it? What's happened The strategy for the trend implies a bet on the growth of some classes of assets that show growth, and a bet on a decrease in another class of assets that fall, with the expectation that this trend will continue - this definition is given in academic research .

Cyprus remains one of the most popular destinations among Russians for buying property. According to the NF Group, in 2022 it ranked third in terms of the number of requests from buyers. Together with experts, we figured out why it attracts investors so much, what its prospects are and what taxes you need to remember when concluding a deal. Economy of Cyprus The population of Southern Cyprus is about 918 thousand people.

Hello! This is Alexandra Prokopenko with your weekly guide to the Russian economy — brought to you by The Bell. In today’s newsletter, we’ll look in depth at the state of Russia’s budget and the Kremlin’s linked attempt to impose a special levy of up to $3.5 billion on Russian companies. We also analyze household income figures from last year. Ballooning budget deficit and ‘backdoor’ tax proposals The Russian authorities are turning to businesses for money to top up the budget.

Last year, Russians have sharply increased their interest in foreign real estate. Cyprus remains one of their most popular destinations. Should investors pay attention to this market? Elena Chirkova, manager of the GEIST Movchan's Group fund, tells about the situation on it at the request of The Bell. What's up with the demand Once upon a time, before the 2008 crisis for sure, Cyprus was a cheap place in terms of long-term real estate.

A year ago, a senior researcher at the American Rand Corporation, a former Pentagon analyst in Russia, Dara Massicot, was one of the few Western military experts who warned the reality of the threat of Russian invasion of Ukraine. At the end of last year, the Massicot was on the sanctions list of the Russian Foreign Ministry.

THIS MATERIAL (INFORMATION) IS PRODUCED AND DISTRIBUTED BY A FOREIGN AGENT OF THE BELL OR IS RELATED TO THE ACTIVITIES OF A FOREIGN AGENT OF THE BELL. 18+ The Bank of Russia, in line with expectations, did not change the key rate , leaving it at 7.5% per annum.

THIS MATERIAL (INFORMATION) IS PRODUCED AND DISTRIBUTED BY A FOREIGN AGENT OF THE BELL OR IS RELATED TO THE ACTIVITIES OF A FOREIGN AGENT OF THE BELL. 18+ The presidential address to the Federal Assembly will be read out on February 21 at Gostiny Dvor, said Kremlin spokesman Dmitry Peskov . According to him, in his speech, Vladimir Putin will focus "on the current situation," including in the economy and the social sphere.

THIS MATERIAL (INFORMATION) IS PRODUCED AND DISTRIBUTED BY A FOREIGN AGENT OF THE BELL OR IS RELATED TO THE ACTIVITIES OF A FOREIGN AGENT OF THE BELL. 18+ Russia will voluntarily cut oil production by 500,000 barrels per day in March, but will not sell oil below the ceiling, said Deputy Prime Minister Alexander Novak today. “This will contribute to the restoration of market relations,” he believes. The reduction will be about 5% of January production.

THIS MATERIAL (INFORMATION) IS PRODUCED AND DISTRIBUTED BY A FOREIGN AGENT OF THE BELL OR IS RELATED TO THE ACTIVITIES OF A FOREIGN AGENT OF THE BELL. 18+ Russia redirected almost a quarter of its exports to "friendly" countries, but it seems that this is already the maximum The Ministry of Economic Development for the first time assessed the reorientation of Russian exports (in monetary terms) over the past year. The presentation of the ministry was at the disposal of RBC.

Russia redirected almost a quarter of its exports to "friendly" countries, but it seems that this is already the maximum THIS MATERIAL (INFORMATION) IS PRODUCED AND DISTRIBUTED BY A FOREIGN AGENT OF THE BELL OR IS RELATED TO THE ACTIVITIES OF A FOREIGN AGENT OF THE BELL. 18+ The Ministry of Economic Development for the first time assessed the reorientation of Russian exports (in monetary terms) over the past year. Data from the presentation of the ministry leads RBC.

The Bell continues to host an online video dedicated to the economic consequences of the war in Ukraine that began on February 24, 2022. THIS MATERIAL (INFORMATION) IS PRODUCED AND DISTRIBUTED BY A FOREIGN AGENT OF THE BELL OR IS RELATED TO THE ACTIVITIES OF A FOREIGN AGENT OF THE BELL. 18+ 21:20 The Ministry of Justice recognized singer Zemfira and opposition politician Dmitry Gudkov as foreign agents.