Rates in banks, oil and gas prices for rubles: investor's digest

Top-10 deposit rates. From April 1, Russian gas will be sold to "unfriendly countries" for rubles. USAplan to supply oil to the market from strategic reserves. notable events,

Moscow exchange - new

The Bank of Russia has decided to conduct trading on the Moscow Exchange on April 1, 2022 in a mode similar to that established on March 31, 2022. On April 1, from 09:50 to 18:50 Moscow time, 31 BPIFs will be traded on the Moscow Exchange, and for the first time after the suspension, one open and closed fund will be allowed. The list of “new ones” for Friday included SBRB, AKMB, GPBR, GPBS, GPBM, MBEQ, RU000A101UY0 and RU000A1013V9.

The working hours of the Moscow Exchange for the following days will be announced later.

Reference: funds admitted to trading from April 1

SBRB - Sberbank - Moscow Exchange Ruble Corporate Bond Index,
AKMB - Alfa Capital Managed Bonds,
GPBR - Gazprombank - Ruble Bond Fund , GPBS -
Gazprombank - Corporate Bonds 2 Years,
GPBM - Gazprombank - Corporate Bonds 4 years",
MBEQ - "METIB - Shares, market leaders",
RU000A101UY0 - open-ended investment fund "Russian government bonds",
RU000A1013V9 - closed-end investment fund "PNK-Rental Fund"

SPB Exchange will start trading in the mode intended for private investors from 14:30 Moscow time:

securities of 50 companies and shares of PJSC SPB Exchange will be available for purchase from 14:30 Moscow time; more than 1,600 securities of international companies will start trading from 16:00 Moscow time; On April 1, there will also be no trading in securities of Russian companies, except for the shares of PJSC SPB Exchange.

Results of the third day of trading: "flying" second tier and cautious forecasts of the Moscow Exchange ,  Russia , Forecasts

Top 10 rates on deposits and savings accounts

The most favorable deposit rate as of 04/01/2022 is 25% per annum.

Top 10 banks with high effective rates on deposits and savings accounts as of 04/01/2022:

Sinara - up to 25%; VTB — up to 24%; Vladbiznesbank — up to 24%; Garant-Invest — up to 24%; Eurofinance Mosnarbank - up to 24%; Tavrichesky Bank - up to 23.60%; Promselkhozbank - up to 23.50%; BZHF Bank - up to 23%; OTP Bank - 23%; Realist Bank — up to 22.50%.

Source: Banki.ru financial marketplace (the effective rate is calculated according to the Banki.ru methodology and is not an offer, detailed conditions are in credit institutions).

Gas for rubles

From April 1, Russian pipeline gas will be sold to "unfriendly countries" for rubles. A day earlier, Russian President Vladimir Putin signed a corresponding decree.

According to the new scheme, companies from Western countries must open two special K-type accounts in the Russian authorized bank (Gazprombank): one in rubles and one in foreign currency.

Payment is made by transferring euros or dollars to a foreign currency account. After that, the bank sells this currency on the Moscow Exchange and credits the received rubles to the ruble account of the foreign buyer.

Payment is considered to have taken place from the moment the funds received from the sale of foreign currency are credited to the ruble account of the natural gas supplier (also opened in an authorized bank).

Russia has translated payments for gas into rubles. What does this mean for Europe?

“The measures taken increase the security of incoming funds from potential external restrictions, including sanctions. At the same time, the decree assumes that Gazprom's foreign exchange earnings, in fact, will now be 100% converted into rubles. Up to this point, exporters were required to sell only 80%. As a result, the turnover in the currency section of the Moscow Exchange will increase,” Vasily Karpunin, an expert at BCS World of Investments, commented on the new scheme.

The main routes of Russian gas supplies to Europe (Photo: RBC)

Oil prices

US President Joseph Biden intends to announce plans for "record" deliveries of oil to the market from strategic reserves in the amount of 1 million barrels. per day. The White House announced this on Thursday, March 31. The implementation of the plan will take six months.

Futures for Brent crude fell 4.88% on March 31, to $107.91 per barrel. On the morning of April 1, quotations for the May contract for oil of this brand fell by 4.15% to $103.43 per barrel, according to data from the ICE Futures exchange at 8:57 Moscow time. Brent traded below $104 a barrel for the last time on March 17.

Last day to buy shares for dividends and other important events

Cherkizovo Group : last day to buy shares for dividends of ₽130.27 per share; due date is April 19th.
Dollar General: last day to buy shares at a dividend of $0.55 per share; due date is April 19th.

On April 1, the International Energy Agency (IEA) will hold an emergency meeting. The participants will discuss the release of oil from the strategic reserves of the West. The Western Union money transfer system will stop conducting transactions within Russia from April 1, 2022. This decision was made due to the low demand for domestic transfers in the market. How the previous trading session ended Moscow Exchange Index : 2703.51 (+7.58%) RTS Index : 1021.28 (+7.59%) S&P 500 : 4530.41 (-1.57%) Dow Jones Industrial Average : 34 678.35 (-1.56%) NASDAQ Composite : 14,220.52 (-1.54%)