The EU has extended economic sanctions against Russia until July 31

EU extended economic sanctions against Russia until July 31

Anti-Russian sanctions were adopted by the EU countries against the financial, energy and defense sectors of the Russian Federation.

The European Union has decided to extend sanctions against Russia for a period of six months until July 31, 2022. This follows from the statement of the EU Council.

It should be noted that the extension of economic sanctions against the Russian Federation was adopted during the December summit against the background of Russia’s alleged refusal to follow the Minsk agreements.

In addition, the Council of the European Union also called on the Kremlin to return to the implementation of the Minsk agreements.

Recall that anti-Russian sanctions were adopted by the EU countries against the financial, energy and defense sectors of the Russian Federation.

They were first introduced in 2014 after Russia’s annexation of Crimea for a year, but later they were repeatedly extended every six months.

In particular, the sanctions provide for restricting access to the EU’s primary and secondary capital markets for a number of Russian banks.

Also, any financial assistance in intermediary relations with sanctioned banks was banned. In addition, the import and export of dual-use goods from the defense sector, especially in the energy cluster, is prohibited.

Earlier, Topnews wrote that the Kremlin told about the consequences of the introduction of sanctions by the United States against Putin.

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The market reacted to the statement of the deputy Foreign Minister by falling stocks and the ruble

The market reacted to the statement of the deputy Foreign Minister by falling stocks and the ruble

Sergei Ryabkov made a statement on the United States and NATO.

Deputy Foreign Minister Sergei Ryabkov, who took part in recent talks with the United States in Geneva, said that Washington and NATO are not ready to fulfill Russian demands.

The high-ranking diplomat voiced his opinion on RTVI.

According to him, the Russian Federation submitted draft documents and expressed readiness to work on them to prepare for signing.

Nevertheless, according to Ryabkov, this is now impossible.

“On the key elements of these texts, the United States and its allies are actually telling us “no””, – Ryabkov said, noting that the United States is ready to continue dialogue on some issues, but this is secondary to the same non-expansion of NATO.

He called the situation a dead end or a difference in approaches, noting that he did not see any serious grounds for continuing the discussion in the near future.

Ryabkov’s words provoked a reaction at the auction. So, after his statement, the Moscow Stock Exchange index fell by 2.23% to 3744 points.

The ruble exchange rate fell against the dollar and euro to 74.99 rubles (+0.28 rubles) per unit of American currency, to 85.96 (+0.47 rubles) per unit of European currency.

Recall that due to the growing tension on the Russian-Ukrainian border, Russia has proposed to the United States and NATO a draft treaty on security guarantees in Europe.

Among other things, Moscow proposed excluding Ukraine from the list of member countries of the North Atlantic Alliance.

Earlier, topNews wrote that the Estonian Prime Minister was outraged by the negotiations between the Russian Federation and the United States. However, the position of Kai Kallas was ridiculed online.

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Expert: food cards can be introduced in Russia and it’s not a shame

Expert: food cards can be introduced in Russia and it's not a shame

Against the background of rising consumer prices, analysts are again talking about an unpopular measure of subsidizing the poor.

The scientific director of the Institute of Economics of the Russian Academy of Sciences, Reslan Grinberg, in an interview with the media, said that the increase in food prices observed in the country could lead to the introduction of food card systems for low-income citizens.

According to RIA Novosti, with reference to his words, there is a similar practice in many countries, including the United States, and the expert does not see anything terrible in such subsidizing of the population.

As Greenberg explained, the second option, in addition to cards, could be subsidizing production. He called the acceleration or growth of consumer prices a condition for such innovations.

Speaking about foreign practice, he said that millions of people are sitting on cards in the States.

“In the minds of Russians, a grocery card is a disgrace,” he noted, but in fact there is nothing special about it.

Recall that a few years ago, the Ministry of Industry and Trade proposed to introduce an additional nutrition system for low-income Russians, who were supposed to be given cards that would receive funds for the purchase of a number of domestic products.

However, as Topnews wrote earlier, the Ministry of Finance did not find funds in the budget for such a novelty.

And in the spring of 2021, food suppliers and manufacturers remembered about the department’s project. They called on the government to distribute food cards to those Russians who were left without work or means of livelihood during the coronavirus pandemic.

They estimated the number of such users at 10 million people, and the amount on each of the cards was supposed to be 10,000 rubles.


Pensioners who received the January payment before the New Year were disappointed

Pensioners who received the January payment before the New Year were disappointed

Pensioners have already been receiving allowances since December last year.

Elderly Russians were amazed at the meager allowances for pensions, which began to be paid at the end of December 2021.

Recall that from January 1, 2022, the indexation of pensions began in Russia, which was supposed to be 5.9%. At the same time, many Russians hoped for a substantial increase.

As a result, according to PRIMPRESS, some pensioners in the regions received from 590 to 750 rubles. The publication cites the example of pensioner Elena, who reported that she was paid 600 rubles, and now her pension was only 9800 rubles.

Another pensioner Olga said that with an experience of 40 years, her pension from 2022, together with an allowance, amounted to only 13,500 rubles. For others, the situation is not much better.

In general, pensioners expected an increase of at least 1,000 rubles, given that the prices of some products have risen by almost 50%.

But pensioners of Moscow can be calm. According to RIA Novosti, the minimum pension of unemployed pensioners in the capital has reached 21,193 rubles.

Moscow Mayor Sergei Sobyanin signed a decree on indexation – the city’s pension supplement and social benefits for residents increased by 4.8%.

According to recent estimates, 2.1 million Muscovites will pay the surcharge. For reference: the last time the pension in the capital was raised significantly a year ago, also in January. Then it grew to 20,222 rubles.

Since January 2022, insurance pensions for non-working Russians have been indexed by 5.9%. Their average size is 18,521 rubles. In 2023 and 2024, the indexation will be 5.6% and 5.5%.

Presumably, the amount of pensions will reach 19,476 rubles and 20,469 rubles.

In January 2020, the insurance pension reached an average of 16,789 rubles.

Recall that Vladimir Putin at the last press conference said that the indexation of pensions should be equal to the inflation rate. Allegedly, the government is doing everything for this, the president noted in his speech.

As Topnews wrote earlier, the Network compared the pensions of Russians with the payments of celebrities who perform at New Year’s corporate parties.

To earn from 80 to 400 thousand rubles, a pensioner must save it for about 100 years and not spend it on anything.


The State Duma introduced a bill on the annual New Year’s Eve payment to pensioners

The State Duma introduced a bill on the annual New Year's Eve payment to pensioners

The Liberal Democrats faction has submitted a bill to the State Duma for consideration.

LDPR deputies have submitted to the State Duma a bill offering additional payments to pensioners before the New Year.

The corresponding document is published in the electronic database of the State Duma.

The authors of the initiative were the leader of the LDPR Vladimir Zhirinovsky, a number of deputies of his faction, senators Elena Afanasyeva and Irina Kozhanova.

According to the draft, those who receive insurance pensions, state pensions and military pensions will be provided with an additional payment.

The amount of such a payment is proposed to be equated to one size of the pension itself, which is due to a citizen at the time of receiving the payment.

According to the explanatory note, real pensions have been declining in Russia for many years in a row, and inflation negatively affects the income of pensioners in Russia.

On New Year’s Eve, when gifts are bought and food is prepared for the holiday, pensioners, according to deputies, need support.

Earlier, topNews wrote that Russians were told about the new rules for paying pensions in 2022. These included making payments without an application.

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The dollar exchange rate exceeded 75 rubles for the first time since November

The dollar exchange rate has exceeded 75 rubles for the first time since November

The euro has risen above 85 rubles.

On the Moscow Stock Exchange on the last day of trading of the outgoing year, the ruble exchange rate fell.

The collapse of the Russian currency against major world currencies occurred to the lows of November.

So, on the afternoon of December 30, the dollar was trading at 74.69 rubles per dollar, euro – 84.51 rubles.

At the peak, the currencies were worth 74.87 and 84.66 rubles, respectively.

The ruble exchange rate is under pressure from inflation, which, according to Rosstat, is forecast at the end of the year at the level of 8.39%.

Oil quotes stopped below $80 per barrel of Brent.

Investors, in turn, are worried about the rapid, moreover, investment spread of the omicron strain of coronavirus.

Earlier, topNews wrote that in December 2020, the dollar exchange rate collapsed.

At that time, banking analysts believed that the fall of the US currency would continue.


The ruble exchange rate collapsed a day before the New Year

The ruble exchange rate collapsed a day before the New Year

Analysts named three factors that influenced the fall of the Russian currency.

Analysts reported that on December 30, the last day of trading in 2021, trading on the Moscow Stock Exchange ended with the strongest fall in the ruble exchange rate to the lowest values since the end of November.

So, around two o’clock in the afternoon, 74.69 rubles were given for a dollar on the stock exchange, 84.51 for the euro. The maximum drop in relation to the main currencies was 74.87 (dollar) and 84.66 rubles (euro).

As reported by “Feed.” with reference to the data of the platform and analysts, the pressure on the Russian currency is exerted by inflation, which cannot be finally contained, despite all the efforts that the authorities are making.

So, on December 29, Rosstat reported that its level will be about 8.39%.

The second factor was the stop in the growth of oil quotes, which supported the Russian ruble. At the moment, they are frozen at less than $ 80 per Brent grade.

The third factor was the speed of the spread of the coronavirus omicron, which makes the holders of investments who seek to transfer their funds into protective assets nervous.

Earlier, Topnews wrote that analysts predicted how the exchange rate of the Russian currency would change by the end of the year.

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Russians were told about the new rules for pension payments in 2022

Russians were told about the new rules for pension payments in 2022

These included making some payments on an undeclared basis.

The media reported that from January 1, 2022, new rules for pension payments, which were previously approved by the Ministry of Labor, will come into force.

According to “Rossiyskaya Gazeta ”, one of the most significant rules was a ban on withholding a pension in case a pensioner is declared bankrupt.

As the expert of the publication explained, this category of citizens often cannot pay the amount taken on credit, and now it will be impossible to withhold funds from the pension according to court papers.

The rules also include an algorithm of actions that need to be performed when making and receiving social payments, and for which Russians will not have to write an application and submit documents.

Thus, the registration of early pensions in case of dismissal of an employee or closure of an organization will be taken over by employees of employment services. They themselves will make proposals on the appointment of payments.

Social surcharges, as well as pensions for the disabled will be assigned without a statement from citizens.

Also, more favorable payments for Russians who receive survivor’s pensions or insurance will be issued without any indication.

For rural pensioners, the allowance at the place of residence will be retained when leaving the place of residence.

Also, in addition to the rules, “RG ” clarifies that from the new year the FIU will report on the likely amount of old-age pension to two categories of Russians – men from 45+ and women from 40+. This will be done three times a year.

Earlier, Topnews wrote that a 13th pension may appear in Russia, which will be appointed before the New Year.


Russians were warned about the largest monetary reform in 30 years

Russians were warned about the largest monetary reform in 30 years

The analyst of the Central Bank told about its stages.

Deputy Head of the Central Bank Olga Skorobogatova said that immediately after the holidays, the largest monetary reform will start in the country, comparing in scale only with the reforms of the 90s.

According to the expert, the Central Bank intends to introduce the digital ruble into the country’s money market.  Thus, in winter Russians will be able to pay with digital banknotes.

Pilot projects will start working with such banking operations in January. Moreover, 12 credit institutions will be involved in the first stage, Skorobogatova said.

This is written by the publication Rgimrgess.

At the first stage of testing, only banks willing to cooperate will be connected to the use of the new monetary format, and in 2023 individuals will be able to make money transfers in digital rubles, the financier said.

This will be followed by transfers between legal entities, individuals and the state, after which the federal Treasury will connect to them.

According to Skorobogatova, the reform will end when digital currency exchange becomes possible.

She believes that it will be no more difficult for citizens to use digital rubles than cards and cash, which makes offline transfers possible.

Topnews wrote about how, according to the media, the Central Bank will control money transfers of Russians from January 1, 2022.


The media told how the Central Bank of the Russian Federation will control all money transfers of Russians from January 1

The media told how the Central Bank of the Russian Federation will control all money transfers of Russians from January 1

The regulator will start requesting data from banks on all money transfers between individuals.

The Russian financial regulator has sent banks a new form of reporting on citizens’ money transfers.

According to the updated documents, the Bank of Russia will request information about all transfers between individuals, including the personal data of the sender and recipient.

According to experts, such a measure is necessary to combat illegal online casinos, crypto exchanges and businesses accepting payments on personal cards.

RBC writes about this with reference to three sources in the payment market.

As Oleg Mashtalyar, deputy head of the Board of Sovcombank, told the publication, the Central Bank of the Russian Federation will begin such monitoring as early as January 1, 2022.

The main purpose of the innovation will be to optimize the data provided by banks, as well as to obtain up-to-date information about payments.

The information will be used for market analysis.

According to the explanations, the reporting will include all incoming and outgoing transfers between individuals:

  • from card to card;
  • from account to account;
  • from an electronic wallet to an electronic wallet, from a card to a wallet and back;
  • from the subscriber’s account of the telecom operator to the wallet or card and back;
  • payments via the Fast Payment System;
  • cross-border transfers by individuals;
  • money transfers without opening an account, including through payment terminals;
  • transfers of an individual between their own accounts in one bank;
  • transfers via money transfer systems, for example Western Union, CONTACT.

Requests will be generated for all transfers for a certain time period.

In some cases, the regulator will be able to receive information on specific operations.

The Central Bank of the Russian Federation notes that for 9 months of the outgoing year, Russians transferred approximately 42.5 trillion rubles to each other by cards. About 8.5 billion transactions were made.

Sberbank is most present on the market in this regard, through which more than 0.8 billion transfers worth 4.7 trillion rubles have been made since the beginning of 2021.

According to experts, such monitoring by the Central Bank of the Russian Federation is aimed, among other things, at tracking suspicious transactions, which include:

  • An unusually large number of individuals as both payers and recipients of funds (more than 10 per day and more than 50 per month).
  • An unusually large number of operations for crediting and debiting funds (more than 30 operations per day).
  • Significant volumes of operations for debiting and crediting funds between individuals (more than 100 thousand rubles per day, more than 1 million rubles per month).
  • The card or wallet is not used to pay for goods or services.

Earlier, topNews wrote that the tax service began tracking data on the accounts of Russians.

According to experts, innovations will hit the pockets of self-employed citizens.