The minister allowed the implementation of these projects not only in Nizhny Novgorod,but also on other platforms The Minister of Industry and Trade, Denis Manturov, spoke in an interview with the RBC TV channel about plans to revive the Volga and Pobeda car brands that existed in Soviet times. “Colleagues have plans to revive, for example, the Volga or Pobeda brand, or both,” he said. video When ...
According to the Deputy Prime Minister, foreign aircraft can be dismantled as the fleet degrades. Earlier he said Part of the foreign fleet in Russia can be dismantled for spare parts as the fleet degrades. This was announced at the St. Petersburg International Economic Forum (SPIEF) by Deputy Prime Minister Yuri Borisov (who oversees industry in the government). “Apparently, we may even agree tha...
The Central Bank pointed to the risks of imposing sanctions on the National Clearing Center following the restrictions on NSD. To minimize them, market participants need to reduce their currency positions, There are risks of imposing sanctions on the National Clearing Center (NCC, part of the Moscow Exchange Group), whose accounts account for the currency used by Russian residents. This was announ...
Countries that imposed sanctionsagainst Russia, do not understand the scale of the impact of restrictions on their own economies, said the head of the Ministry of Economic Development Maxim Reshetnikov. In his opinion, The scale of sanctions against Russia, which continue to be introduced, is not fully understood even by those who initiate them, said Economic Development Minister Maxim Reshetnikov...
According to Novak, Venezuelan oil will also be needed to balance the market, and Iranian oil,and Russian oil Alexander Novak Iran and Venezuela can bring to the market up to 2.5 million barrels. oil per day if sanctions are lifted , however, the growing demand for oil will require additional volumes of raw materials from different producing countries, including Russia, Deputy Prime Minister Alexa...
The expectation of Western countries that sanctions would ruin the Russian economy did not materialize, says President Vladimir Putin. According to him, The sanctions imposed by Western countries against Russia are thoughtless and insane, Russian President Vladimir Putin said during his speech at SPIEF. The event will be broadcast on RBC. Putin pointed out that the speed with which they were intro...
France has stopped receiving gas from Germany since June 15. Earlier, Gazprom announced that it was forced to reduce supplies via Nord Stream, Gas deliveries to France from Germany stopped amid a decline in Russian gas exports to the European Union, Reuters reports citing the French pipeline operator GRTgaz. Meanwhile, the operator noted that he sees no problems with gas supplies to France this su...
According to the diplomat, Russian grain will not be removed from sanctions, since Western banks,insurance companies and trade institutions are "intimidated" and refuse any cooperation with Russia Sanctions exemptions for exports of food and fertilizers from Russia are illusory, since in fact Western institutions refuse any cooperation. This was announced in an article for the National Interest by...
The assortment of perfumes and cosmetics in stores has decreased by a quarter since the end of February. Russian brands are ready to replace foreign brands, but at the same time they depend on imported raw materials: without it, for example, Russian cosmetics manufacturers are looking for ways to replace imported raw materials for the production of cosmetics, including lipstick and mascara, the ra...
Sberbank, like the entire Russian banking sector, showed record profits last year. According to the head of the bank, if the banking sector "works to zero" this year, With a high degree of probability, the Russian banking sector will suffer losses this year, and it will be an excellent result if it “works to zero”. This was stated by the head of the bank, German Gref, in an interview with the Russ...
Top managers who left Sberbank in recent months did so both because of sanctions and as planned, German Gref said. In general, the number of employees who left, according to him, There is nothing wrong with the departure of Sber's top managers from the company, German Gref, the head of this bank, said at a briefing during the St. Petersburg International Economic Forum, RBC correspondent reports. ...
The words of US President Joe Biden that he made the decision on sanctions against Russia not as president, but as commander in chief, are reminiscent of the story of Dr. Jekyll's split personality from Robert Stevenson's novel, said Deputy Chairman of the Russian Security Council Dmitry Medvedev. “Actually, it’s bad when two characters settle in the head, dictating different wills to a person. It...
Olaf Scholz Sanctions against Russia in connection with the situation around Ukraine will remain in effect until Moscow reaches a “fair agreement” with Kiev, German Chancellor Olaf Scholz said on the air of the ARD TV channel, Welt reports. He noted that only Ukraine can decide what is fair for it, and Western countries will not push it to conclude an agreement with Russia. “No one in Europe can o...
Biden said he imposed sanctions as a commander-in-chief, not a politiciandare to take over Taiwan,and North Korea will become even more aggressive with its nuclear ambitions.” US President Joe Biden said that even though the tough sanctions imposed on Moscow led to higher prices and political risks for him personally in the elections, Russian President Vladimir Putin still needed to be rebuffed. H...
Earlier, the US President said that by imposing anti-Russian sanctions, acted as a commander in chief, and not as a politician who cares about the elections. The Kremlin spokesman, in turn, pointed out, The modern economy most often becomes a hostage to politics, placed on its altar. This was stated by the press secretary of the Russian President Dmitry Peskov, RIA Novosti reports. “The economy at...
VTB plans to make a full-fledged bank in Telegram. Alfa also plans to improve its bot in the messenger. VTB Bank, which fell under US blocking sanctions , plans to launch a digital bank in the Telegram messenger by the end of 2022. This was told to RBC by a member of the board of VTB Svyatoslav Ostrovsky. Alfa-Bank, which is under the same sanctions, is also planning to improve its digital bank in...
The inclusion of Sovcombank on the sanctions list deprived shareholders of dividends “for many quarters” in advance, said its co-owner Sergey Khotimsky. But the bank does not need additional capitalization, Sovcombank, which came under tough blocking sanctions from the United States , the European Union and Great Britain almost immediately after the start of the Russian military operation in Ukrai...
Will the euro and dollar be banned, the crisis of confidence and the Colt, will the officials switch to the Lada — on the second day of SPIEF-2022, Nabiullina, Oreshkin, Siluanov and other leaders of the economic bloc answered these and other questions video
Jake Sullivan Washington sees no effort from China to help Russia bypass sanctions, National Security Adviser Jake Sullivan said at a conference at the Washington-based Center for a New American Security. He was quoted by DefenseOne journalist Kevin Baron on Twitter. “We have not seen China move forward in any form in direct military assistance or [making] a systematic effort to help Russia .........
In the new budget rule, spending should be based on a "moderately optimistic" level of oil and gas revenues, Finance Minister Anton Siluanov said. Save the budget, perhaps Finance Minister Anton Siluanov spoke about three general principles on which the new budget rule will be built. “We need to determine the amount of spending, which is based on moderately optimistic oil and gas revenues. Previou...
Journalists, military and businessmen got under restrictive measures. Decision taken in response to expanding sanctionsfrom Australia, which "apply to an increasing number" of Russians,declared in the Ministry of Foreign Affairs Russia has added to the sanctions list another 121 Australian citizens from among the "heads of law enforcement agencies, businessmen, experts and journalists who form the...
Such a world is a war, the vice-premier is sure. "Responsible politicians" must agree on new rules, otherwise countries will randomly form coalitions, The strongest blow that sanctions have dealt to all countries without exception is the “crisis of confidence” that has developed because of them in the world, First Deputy Prime Minister Andrei Belousov said at SPIEF. “They showed that there are no ...
Andrei Kostin proposed to limit the work of foreign banks in Russia. He believes that the countries that have frozen the assets of Russian banks abroad The work of foreign banks in Russia should be limited, says the head of VTB Andrey Kostin, he told this opinion to journalists on the sidelines of the SPIEF, RBC correspondent reports. “We, as a sanctioned bank, will not buy non-sanctioned banks. I...
Stores formerly owned by French chain L'Occitane and recently changed signage to L'Occitane have come under the control of Russian top managers. Russiaprovided the French retailer with more than 3% of all sales On June 10, 2022, the legal entity of the L'Occitane cosmetic chain, which has recently been operating in Russia under the L'Occitane brand, has changed its founders. As follows from the da...
The French Engie, following Uniper, Eni and OMV, announced a reduction in gas supplies from Russia.Gazprom warned of a more than halving of gas flow through Nord Stream due to delays in the repair of Siemens turbines The French energy company Engie, following Uniper, Eni and OMV, received a notification from Gazprom about a reduction in gas supplies. It is reported by Bloomberg, citing a statement...
has lost participation in the international division of labor, the economy needs to reorient itself from exports to the domestic market, the head of the Central Bank believes. According to her, "still" will no longer be, The external environment in which the Russian economy operates has changed, and likely will change forever, says Bank of Russia Governor Elvira Nabiullina. She stated this at the ...
14 members of the trade organization demanded the withdrawal of Russia because of the situation in Ukraine. According to the deputy head of the Russian Foreign Ministry, the issue of Russia's withdrawal from the WTO is not being discussed, Russia is not going to leave the WTO on its own, and it is impossible to exclude it from this organization procedurally. This was stated by Deputy Foreign Minis...
According to the presidential press secretary, the only way to normalize relations with the United Stateswould be Washington's rejection of the policy of hegemonism Dmitry Peskov The only way to normalize relations between Russia and the United States can be Washington's rejection of hegemony and the understanding that Moscow will not become anyone's vassal. This was stated in an interview with RI...
Ruben Vardanyan So, the pictures of crises that we used to fear - market crises, financial, corporate, epidemiological, military and other cataclysms - faded at once before the current civilizational upheaval. It shakes not only the superstructure of world systems, but also its basis. It is not just commodity, financial, technological platforms that are crumbling - the value pillars are shaking. I...
US attempts to strangle Russia with the help of sanctions do not bring the result they need, said the press secretary of the Russian President Dmitry Peskov in an interview with RIA Novosti. “Here you can even listen to international experts and experts in these countries, including in America, who are already saying that something is not working out with these strangulation attempts,” the Kre.......