In Moscow, the Renault plant will resume production of Moskvich cars

In Moscow, the Renault plant will resume production of cars

This was stated by Moscow Mayor Sergei Sobyanin.

Moscow Mayor Sergei Sobyanin announced that the Moscow Renault plant is becoming the property of the capital.

According to him, the company will be used for the production of cars, as before.

So, the authorities intend to resume the production of Moskvich cars.

The mayor explained that the decision was made after the previous owner of the plant, Renault represented by Renault Russia CJSC, announced the closure of the enterprise.

“It’s his right,” Sobyanin said.

He added that the authorities of the capital will do everything possible so that the employees of the plant do not lose their jobs. So the idea of transferring to the city balance and renovation of the domestic brand arose.

Shortly before that, the Ministry of Industry and Trade reported that all Russian assets of the French company will become state property.

So, in addition to the Moscow plant, Renault’s share in AvtoVAZ, which is 67.69% of the automaker’s shares, will go to FSUE NAMI. And the remaining shares of AvtoVAZp will be retained by Rostec State Corporation.

As for car maintenance, Renault service in Russia will go to AvtoVAZ, which will continue to produce Lada models.

The department explained that the French company has the right to buy back the stake for another six years.

Earlier, Topnews wrote that the head of Renault and Nissan, Carlos Ghosn, was arrested in Japan.

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Experts called the ruble exchange rate, which will “tear up” the budget of the Russian Federation

Experts called the ruble exchange rate, which

According to experts, the strengthening of the ruble may have a negative impact on the Russian economy.

Finam financial group analyst Andrey Maslov, in an interview with the media, pointed out the danger of too high ruble exchange rate against the dollar.

According to the agency “Prime” with reference to his words, now the ruble exchange rate is close to 65 units per dollar, which means that with the current export-oriented economy, problems may arise with the observance of the trade balance. The latter assumes a weak ruble.

According to Maslov, despite the fact that the Central Bank has lowered the rate to 14%, the strengthening of the ruble continues. The reason is the decline in imports, which distorted the trade balance.

Exports, even in the abbreviated version, prevail over imports, and this “seriously supports ” the national Russian monetary unit.

In addition, the ruble is no longer among the “freely convertible” currencies: transactions with it are prohibited for foreign investors, they are not allowed to trade.

Along the way, the Central Bank has taken strict measures to control the outflow of currency outside of Russia.

Maslov explained that the achievement of the ruble level of 60 units per dollar is unlikely, because the Russian budget will suffer.

“The budget of Russia will “burst” and go into deficit,” he believes.

According to Maslov, the optimal rate is about 80 rubles per dollar. He pointed out that such conclusions are made by analysts of the Bank of Russia, because recently the regulator has been trying to prevent further strengthening of the ruble.

For example, the key rate is reduced and a number of restrictions are removed.

Earlier, Topnews wrote that the expert called the real price of the dollar.

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“They arrange a prodrazverstka and a holodomor”: Lavrov explained the blocking of ships with wheat in the ports of Ukraine

“Arrange a prodrazverstku and holodomor”: Lavrov explained the blocking of ships with wheat in the ports of Ukraine

Biden announced the search for an opportunity to deliver 20 million tons of grain.

Russian Foreign Minister Sergei Lavrov said at a briefing in the capital of Oman that the Ukrainian authorities are blocking dozens of ships in their ports, including heavy trucks with wheat.

According to diplomats, Kiev suppresses all attempts by Russia to withdraw ships along humanitarian corridors.  At the same time, wheat must be delivered to various countries of the world, according to Izvestia.

Lavrov explained that the exit routes of ships from the ports are mined, so they cannot leave without the consent of Kiev. And proposals to create corridors ”for the withdrawal of these vessels with the necessary goods” are ignored by Russia.

“The Ukrainian side does not cooperate, and its Western hosts do not react to this in any way,” the Foreign Minister explained.

Earlier, US President Joe Biden said that the country is trying to export 20 million tons of grain from Ukraine.

The politician recalled the soaring food prices, which reached record values.

Biden believes that the reasons are that both Russia and Ukraine are the world’s largest suppliers of grain and corn.

“We are exploring ways to bring this grain back to the world market,” Biden told CNBC.

According to Politico, US lawmakers have called on the Biden administration to create humcorides in the Black Sea, through which blocked vessels could leave.

The media explains that local farmers will simply have nowhere to store the new crop. And the corridor to the sea remains the only option to overcome the crisis.

Legislators are confident in the need to supply sufficient food in the face of sky-high global food and delivery costs.  And Washington has a narrow window for action against the background of the deteriorating situation in Ukraine.

In turn, the speaker of the State Duma Vyacheslav Volodin said that it is the United States that is delaying military actions in Ukraine and “arranges a prodrazverstka and Holodomor in the country”.

Earlier, Topnews wrote that in early April, Deputy Head of the Security Council Dmitry Medvedev urged compatriots not to buy products from unfriendly countries.

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Media: 20 companies in Europe have opened accounts in Gazprombank to pay for gas

Mass media: 20 companies in Europe have opened accounts in Gazprombank to pay for gas

Against this background, it became known that several Gazprom subsidiaries in Germany stopped receiving gas from Russia.

According to the American media, Gazprombank has already opened 20 accounts of European companies.

With their help, Russian gas consumers intend to pay for natural gas in rubles.

According to Bloomberg, citing informed sources, the same number of European companies that previously opened accounts with Gazprombank have joined the 10.

In addition, another 14 companies requested the necessary data to open accounts with Gazprombank in the future.

It is reported that such companies will pay for gas from Russia in foreign currency.

The names of 20 companies that have opened accounts with Gazprombank are not specified.

Against this background, it is reported that several subsidiaries of Gazprom’s former daughter Gazprom Germania GmbH do not receive gas after the introduction of sanctions against Western companies in Russia.

According to German Vice Chancellor and Minister for Economic Affairs and Climate Protection Robert Habeck, the market is able to compensate for the shortage of gas from Russia, and Germany has found an alternative supplier. At the same time, he did not specify the details, writes TASS.

Earlier, topNews wrote that Gazprombank did not accept payments for gas in rubles for Austria and Germany. According to media reports, ruble payments from Gazprom Germania were rejected.

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The euro collapsed against the ruble to the figures of two years ago

The euro collapsed against the ruble to the figures of two years ago

The exchange rate of the European currency for the first time fell to the levels of February 2020, the dollar and bitcoin are falling.

According to  Moscow Stock Exchange, at 11 a.m., the euro exchange rate, after a slight increase at the opening of trading, fell to 69 rubles.

This happened for the first time since February 2020, analysts say. At the opening of trading, the dollar was valued at 66.93 rubles, the euro at 71.

According to Forbes, the dollar also shows a drop, which again fell below 66 rubles.

The European currency at the minimum by 11.30 (Moscow time) was 68.25 rubles, which is 3.19% less than according to the Moscow Exchange the day before at the time of closing.

The euro exchange rate turned out to be the lowest since mid-January 2020, a drop to below 69 rubles is recorded for the first time since February of the same year.

The dollar at the same time amounted to 65.36 rubles. Recall that on May 5, it fell to 65.31.

Experts’ opinion on the further growth of the currency diverges.

Thus, according to Andrey Kochetkov, a leading analyst at Otkritie Broker, he said that in May the ruble’s strengthening was influenced by high revenues for Russian exports, and the outflow of currency also decreased.

According to his forecasts, this month the dollar will not rise above 73-74 rubles, but it will not fall below 68-69.

The euro will keep the bar at 72-78 rubles.

As financial analyst Vladislav Antonov explained to the publication, among other factors, the ruble keeps growing thanks to the efforts of the Central Bank of the Russian Federation.

However, in the middle of the month, the dollar will recover to 80, the euro can – to 85.

The day before, a decrease in the cryptocurrency was recorded. The price of bitcoin has shown a record low since June last year. They gave $29,000 for the cryptocurrency.

Earlier, Topnews wrote that the expert called the real value of the dollar.

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The expert called the real value of the dollar

The expert called the real value of the dollar

Another expert told how much the American currency can cost without support measures in Russia.

Financial expert Jan Marcinski told about how the ruble exchange rate is formed, and what it depends on.

According to him, there are actually “several dollar rates ”.

At the same time, the exchange rate depends on the corridor set by officials from the Central Bank of the Russian Federation.

He told the radio about it “Komsomolskaya Pravda ”.

“The fact that they get some kind of coordination is another matter. But my personal opinion is that this is a completely established rate, and it still has nothing to do with the real exchange rate, which would be on the open market and at open auctions, the specialist said.

He noted that if the restrictions of the Russian financial regulator are lifted, a strong drawdown will begin, and the dollar may rise above 100 rubles.

Then the analyst expects the situation to normalize, as the EU will continue to buy gas in rubles.

Thus, the expert calls the level of 90-100 rubles as the real ruble exchange rate at the moment.

Against this background, currency strategist Brendan McKenna said that without support measures from the real dollar exchange rate is 180 rubles.

In an interview with Bloomberg journalists, he said that last April the ruble strengthened by 71% compared to March, when the dollar soared to 121 rubles.

As a result, thanks to emergency capital controls and other actions of the Russian authorities, the ruble strengthened.

At the same time, McKenna notes that the current dollar exchange rate does not show the real purchasing power of the ruble.

Earlier, topNews wrote that the expert told how much the dollar will cost after the May holidays.

It was also reported that exchangers are buying US dollars from Russians at a predatory rate.

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Pensioners were warned about the new rule of withdrawing money from the card

Pensioners were warned about the new rule of withdrawing money from the card

Experts recommend withdrawing savings at least once every six months.

The media report on the decision of the Constitutional Court of the Russian Federation, because of which the rules for withdrawing pensions that come to the card have changed.

According to the PRIMPRESS publication, the changes protect citizens. The reason for the court’s decision was an incident with a military pensioner who had not withdrawn his pension from a bank card for 10 years.

When he tried to do this, the bank refused him, referring to the standard that regulates the rules for receiving pension payments.

According to the previously applicable regulations, if a pensioner does not withdraw money from the card for a long time, it is considered not received and the funds are returned to the bank.

They agreed to give him the money only for three years.

The new decision of the Constitutional Court not only restored the pensioner’s rights to receive legal payments, but also introduced a norm that will allow everyone else to receive funds six months later and later.

However, the experts of the publication clarify that it is better to cash out the accumulated money at least once every six months to avoid unnecessary problems.

As Topnews wrote earlier, the conditions for retirement according to the old retirement age have been named.

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WSJ: Chinese Lenovo and Xiaomi are secretly shutting down business in Russia in order not to fall under sanctions

WSJ: Chinese Lenovo and Xiaomi are secretly shutting down business in Russia in order not to fall under sanctions

Despite the calls of the Chinese authorities not to succumb to the influence of the West, led by the United States, Chinese companies are still following the lead.

Many Chinese manufacturers of equipment stop working on the Russian market. The reason for this is the pressure of US sanctions.

According to the columnist of The Wall Street Journal, China’s IT companies do not officially declare their departure from Russia, but they actually reduce the supply of products to the Russian Federation.

Lenovo Group Ltd. and Xiaomi Corp. have already been included in the list of such companies.

Despite the calls of the Chinese authorities not to succumb to the influence of the West, Chinese companies led by the United States are still following their lead.

It is known that equipment suppliers to Chinese companies put forward a demand not to supply goods with microchips produced by them to the Russian Federation, threatening appropriate measures in case of violation of the regulations. For example, disconnect from the software.

As a result, in March, as the publication reports, Lenovo stopped supplying its products to the Russian Federation.

Xiaomi products have stopped completely deliveries only in the last couple of weeks, although there was a slight reduction in volumes earlier.

But the drone manufacturer SZ DJI Technology Co has officially announced the suspension of the supply of products and activities in Russia and Ukraine.

The reason for this decision was the accusations against the company about the alleged supply of equipment for the Russian special operation.

Earlier, Topnews wrote that China called Russia’s toughest response to Western sanctions.

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Abramovich sold Chelsea for £4.25 billion: the new owners of the club and the terms of the deal are named

Abramovich sold “Chelsea” for £4.25 billion: the new owners of the club and the terms of the deal are named

The deal must be completed by May 31, as this date is the final one in the license issued by the British authorities for the sale of the club.

Russian oligarch Roman Abramovich has sold London FC to Chelsea.

A deal worth 4.25 billion pounds has been agreed and now American businessman Todd Bowley will become the new main owner of the club. He is also a co-owner of the LA Dodgers baseball team and the LA Lakers basketball club.

In addition to the shares of “Chelsea ” will be owned by Swiss billionaire Hansjorg Wiss and American businessman Mark Walter.

It is noteworthy that the transaction must be completed by May 31, since this date is the final one in the license issued by the British authorities for the sale of the club.

In addition, the transaction will take place only after the full approval of all conditions by the authorities and the submarine.

According to the terms of the deal, 2.5 billion pounds will be used to purchase shares of the club and will go entirely to charity. This was previously reported by Abramovich himself, who will not receive a pound from the deal.

It is noted that at first the funds will be frozen and only then sent as donations in full.

1.75 billion pounds as additional investments will be spent on additional expenses of the club, including the development of the team’s infrastructure (stadium, club academy, etc.), the women’s team, etc.

Among the important terms of the deal for the sale of the club, there are a number of conditions at once.

Now, for 10 years, a ban has been imposed on the payment of dividends and payments for the management of the club.

The sale of shares is prohibited for the same period. And finally, the club is forbidden to go beyond the limits of the established debt.

Earlier, Topnred wrote that against the threat of sanctions and restrictions, Roman Abramovich handed over the leadership of Chelsea to a charitable foundation.

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Zelensky proposed that the EU restore Ukraine by dividing it into regions

Zelensky proposed the EU to restore Ukraine by dividing it into regions

The President of Ukraine estimated the country’s losses during the military operations.

President of Ukraine Volodymyr Zelensky, during his speech at the international conference of donors for Ukraine, made a loud statement about assistance.

According to the Ukrainian leader, he suggests that the EU countries divide the countries into regions and provide assistance to the victims and the economy on this principle.

Zelensky explained that Kiev is preparing a large-scale plan for the restoration of Ukraine and needs patronage from the international community.

The Head of Ukraine said that such a decision by the EU countries may have historical significance.

“Such a patronage project can create a new and historical example of interaction and partnership between countries,” he said.

According to MK 8221, Zelensky believes that the investments of the West, which will be invested in Ukraine, can lead to stability of the entire region, as well as the center and east of Europe. Because in this way they will help the return to the country of refugees who have flooded neighboring states.

The second thing the president said was Kiev’s need for Ukraine’s rapid promotion to the EU, which can take advantage of the status of a candidate for the European Union.

According to TASS, at the summit of executive directors hosted by The Wall Street Journal, Zelensky announced Ukraine’s need for $ 600 billion to restore “infrastructure facilities, residential neighborhoods, enterprises.”

So, according to him, the country can restore everything that was destroyed.

“Start companies in Ukraine, and you will get access to more than 40 million market, the largest in Europe, ”, – he said.

Meanwhile, a week earlier, Zelensky estimated the country’s losses at $ 550 billion, of which up to $ 7 billion a month will have to be invested in the destroyed economy.

At the same time, as reported by “MK”, VEB of Ukraine stated that 6 wagons with Belarusian fertilizers will be alienated in favor of the state. The cost of the goods is $ 6.8 million.

Earlier, Topnews wrote that Zelensky’s office threatened a counteroffensive of the Armed Forces of Ukraine, which is scheduled for July this year.

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