Gazprom has decided the fate of Nord Stream 2

Gazprom has decided the fate of Nord Stream 2

Leading expert Yushkov commented on Gazprom’s decision.

The Russian gas company Gazprom has found a new use for the onshore part of the Nord Stream—2 capacities, deciding to redirect it to supply gas to the North-West of Russia, according to the company’s Telegram channel.

This decision was made due to the fact that, against the background of the political situation and the sanctions policy of the West, the offshore part of the gas pipeline is not used today, and the nearest date for the start of operation of the second line of the gas pipeline is possible no earlier than 2028.

Moreover, the company stressed that with Germany’s approval of commissioning and full certification (it was suspended after Russia recognized the LPR and DPR) of the offshore gas pipeline “SP-2” only one thread with 100% load will work.

It should be noted that today both lines of the gas pipeline are completely filled with gas and are ready for commissioning and full-fledged work.

Igor Yushkov, a leading expert of the Financial University and the National Energy Security Fund, commented on Gazprom’s decision.

He confirmed that the North-Western region is really poorly gasified and the region needs it. However, in reality, in order to fully provide the region with gas, it is necessary to build a completely new highway.

But the decision of Gazprom in this situation is an attempt to avoid criticism from the Russians for the construction of a gas pipeline, which does not work as a result.

“These are not mutually exclusive gasification projects of the North-West and Nord Stream—2, or the processing complex in Ust-Luga”.

Earlier, Topnews wrote that the media reported Gazprombank’s refusal to accept payments for gas in rubles for Austria and Germany.

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In Crimea, they announced the breakthrough of the Ukrainian transport blockade

Crimea announced the breakthrough of the Ukrainian transport blockade

This was announced by the adviser to the head of the Crimea Oleg Kryuchkov.

Advisor to the head of Crimea on information policy Oleg Kryuchkov told the media that the Ukrainian transport blockade of Crimea has been broken.

In an interview with RIA “News” he stated that there is no blockade on the part of Ukraine. He recalled that it was created by the Kiev authorities eight years ago, but now it is “in the past”.

At the moment, as the official explained, cargo and transport communication of the peninsula is being restored, and this is happening for objective reasons.

So, according to Kryuchkov, a local private business has taken up the case, which does not tolerate emptiness, and when the population needs trips, then connections are instantly established,

.Already, as the adviser explained, the railway lines that connect the peninsula and the Kherson region have been restored, and passenger trains will be launched in the near future.

He also explained that urban and intercity transport links have been fully restored in the regions controlled by the Russian military together with the LDPR authorities.

“This is the first indicator that life is entering a peaceful course ”, — RIA Novosti quotes Kryuchkov.

Recall that Kiev has blocked transport links with the peninsula since 2014. The movement of bus and rail transport, as well as trucks, was suspended. The road was opened only to passenger cars.

In response to this policy, the Russian authorities built a new terminal at Simferopol Airport and the Crimean Bridge.

Earlier, Topnews wrote that in Crimea they announced which Ukrainian territories would become part of the Russian Federation.

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The expert told how much the dollar will cost after the May holidays

The expert told how much the dollar will cost after the May holidays

Exchangers began to buy dollars from Russians at a predatory rate.

The ruble exchange rate has recently been fixed against the dollar due to the support measures taken by the authorities of the Russian Federation.

So, among such measures are currency restrictions, the sale of foreign exchange earnings by exporters, a trade surplus after blocking the export of currency abroad.

However, the situation may change after the May holidays.

This was told by financial analyst Vladislav Antonov.

In an interview with Life, he said that a strong ruble would not suit the Ministry of Finance for the layout of the budget. In addition, the ruble is under pressure from geopolitical factors, which can lead to a fall in the Russian currency.

“By mid-May, we expect the dollar to recover to 80. Before growth, he is able to test the level of 70 rubles. By mid-May, the euro exchange rate is expected to increase to the 80-82 ruble zone, he said.

Against this background, economist Igor Nikolaev spoke about new trends in Russian exchangers.

He pointed out that Russian citizens carry small currency notes there, while the exchangers themselves exhibit increasingly extortionate rates.

In general, Igor Nikolaev considers the current exchange rate advantageous, but at the same time, the economist calls for taking into account the likelihood of introducing strict restrictions at any time, writes MK.

Nikolaev reminded that the ruble remains the national currency, so in Russia we will live with our currency.

The expert said that it is necessary not to panic and calmly observe the situation.

At the same time, in exchange offices, despite the unfavorable rate for sale, Russians are increasingly selling currency.

According to the expert, the last time he observed this was in the noughties, when people brought 10, 20 or 50 dollars to exchange banknotes in order to buy something immediately after leaving the exchanger.

“In a branch of one of the major banks, they offer to buy a dollar for 76 rubles, and sell it for only 65. The same situation with the euro: buying for 80 rubles versus selling for 68”, – the economist said, urging not to sell dollars and euros unnecessarily.

Earlier, topNews wrote that the dollar exchange rate fell below 69 rubles for the first time in two years. This happened the day before at the opening of the Moscow Stock Exchange.

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Bloomberg: EU plans ban on Russian real estate transactions in Europe

Bloomberg: The EU plans a ban on Russian real estate transactions in Europe

The publication reports on measures within the sixth package of EU sanctions.

The international edition of Bloomberg, which refers to the draft proposal of the European Commission, reports that the EC intends to prohibit any transactions of both individuals and legal entities of the Russian Federation with real estate on the territory of the European Union.

In addition, according to media reports, it is planned to introduce a ban on the transfer of property, the rights to which cannot be delegated to residents and companies registered in Russia.

They will also not be allowed to sell and purchase real estate that is located on the territory of EU countries as property,

The same applies to actions with “parts of collective investments”, actions with which a ban is imposed.

All measures will be included in the sixth package of sanctions, which may be introduced by the EU as early as this week.

As Topnews wrote earlier, the EU intends to expand restrictive measures against Russia.

According to the head of the European Committee Ursula von der Leyen, it is planned to phase out Russian oil completely.

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Russia is not in danger of default: the country has paid Eurobonds in dollars

Russia is not in danger of default: the country has paid Eurobonds in dollars

May 4 was the deadline for payments.

The media reports that Eurobond holders have received payments from Russia. Earlier, the Russian side paid Eurobonds in dollars with maturity on April 4, 2022 and 2042.

The Ministry of Finance of the Russian Federation confirmed that it was able to pay in dollars the amount of 649.2 million dollars.

This allowed Russia to avoid a technical default, Bloomberg reports.

Currently, the main international clearing centers have received and processed payments from Russia on Eurobonds.

Three more investors confirmed that the payments were received by their depository banks, RBC writes.

The next payments are due on May 27 – Russia needs to repay Eurobonds for 2026 and 2036.

Recall that initially the Ministry of Finance tried to pay for Eurobonds for April 4, 2022 and 2042 in rubles, because the country had frozen international currency reserves.

But the payment failed, and Russia was threatened with a technical default at the end of the grace period. It ended one month after the payment date, i.e. on May 4.

Later, the head of the Central Bank, Elvira Nabiullina, categorically denied information about a possible default in Russia. According to her, the Ministry of Finance of the Russian Federation has all the resources to repay Eurobonds. Everything depended on foreign banks.

As Topnews wrote earlier, analysts initially reported that Russia was not in danger of default – “because of the apostasy of the United States.” The fact is that the Russian side was allowed to transfer money in dollars.

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The sixth package of anti-Russian sanctions from the European Commission has been listed

The sixth package of anti-Russian sanctions from the European Commission has been listed

The proposed measures were voiced by Ursula von der Leyen.

Today, the European Union, as reported by the head of the European Commission Ursula von der Leyen, will present the next, already the sixth package of anti-Russian sanctions.

According to RIA Novosti, according to the official, the list of restrictive measures will include new bans: for example, the EU intends to stop broadcasting a number of Russian TV channels and limit the next functions of Sberbank.

Leyen explained that the sanctions will affect three state-owned Russian TV channels, which the European Union accuses of spreading misinformation about the situation in Ukraine.

As for Sberbank, it is planned to disconnect the leading banking organization of the Russian Federation from the SWIFT international system.

Among the measures to be proposed to the European Union, the EC will present a complete ban on the import of Russian oil to Europe, which will be carried out in stages.

It is also indicated that the list contains the names of the Russian military, including the heads of the Russian special operation in the Ukrainian Mariupol.

Recall that the media has already reported on the disconnection of two Russian banks from SWIFT – ICD and Rosselkhoznadzor, which may also fall under new EU anti-Russian sanctions.

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

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The dollar exchange rate for the first time in two years fell below 69 rubles at the opening of the Moscow Exchange auction

The dollar exchange rate for the first time in two years fell below 69 rubles at the opening of the Moscow Exchange

The euro fell below the rate for February 2020, but managed to grow a little.

The media reported a strong drop in the dollar, which was observed after the opening of the Moscow Stock Exchange.

According to TASS, it fell 68.62 rubles. During the first ten minutes of trading, the volume reached over 7 billion rubles. Later, the currency regained some of the lost positions. At 09.25 am, the exchange rate was 69.4 rubles.

This behavior is also demonstrated by the euro, which showed a rate of 72 rubles, demonstrated no later than February 2020.

According to information at 10.30, the dollar fell by 1.04% (70.22 rubles), the euro to 73.7 rubles.

This trend, a consistent weakening against the ruble, has been observed since mid-March 2022.

Earlier, Topnews wrote that after lowering the key rate to 7%, the dollar fell to 71 rubles.

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Banker Tinkov said goodbye to Russia with a quote from “Woe from Wit”

Banker Tinkov said goodbye to Russia with a quote from

The entrepreneur said that he did not want to stay in the country with triumphant “servility”.

The creator of Tinkoff Bank, Oleg Tinkov, said that he was no longer a “traveler to the country.”

Quoting Griboyedov’s famous lines, the entrepreneur stressed that he was saying goodbye to Russia by publishing a post on a social network banned in the Russian Federation.

According to him, he built a business in the country without corruption and bribes, without inviting friends and acquaintances to his staff. But now “his country” “has slipped into archaic”, Tinkov said, stressing that in modern Russia, paternalism and servility rule the ball,

As Topnews wrote earlier, Tinkov will sell 35% of shares in TCS group to Vladimir Potanin’s Interros, the deal has been agreed by the Bank of Russia.

According to the new owner, the company is interested in Tinkoff’s leadership position in the banking market. Tinkov himself told Western media that he was forced to sell his share.

He expressed gratitude to Potanin that he bought out, albeit for “kopecks ” his share in the bank.

In addition, according to the businessman, he is withdrawing his Tinkoff and La Datcha brands from Russia.

Summing up the farewell post, the banker quoted Chatsky’s monologue, in which the very words about the rider sound.

 “I’m going to look for a place where an offended feeling has a corner,” he summed up his attitude to Russia.

It is known that on April 23, Tinkov’s negotiations on the sale of a stake in Tinkoff Bank began.

The entrepreneur sold the Russian assets in full, saying that he did not want to depend on the current leadership of Russia.

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“I gave it for a penny”: Tinkov told NYT how he was forced to sell Tinkoff Bank

«Gave for a penny»: Tinkov told NYT how he was forced to sell «Tinkoff Bank»

The businessman revealed the details of the transaction.

The media found out the details of the transaction for the sale of 35% in TCS Group from Oleg Tinkov. The billionaire said that he parted with a stake in the group that owns Tinkoff Bank after a call from the Kremlin.

According to RBC, referring to The New York Times, Oleg Tinkov spoke about the special operation of the Russian Federation in Ukraine, and a day later representatives of the Kremlin contacted the leadership of Tinkoff Bank and threatened to nationalize it.

According to Tinkov, he was forced to sell his share – he could not bargain.

As a result, he sold Tinkoff to Vladimir Potanin and his Interros for no more than 3% of the real value of this share.

«Gave for a penny»: Tinkov told NYT how he was forced to sell «Tinkoff Bank»

“This is a hostage situation — you take what is offered to you, I could not agree,” says Tinkov.

In general, the bank had to be sold “for a penny,” Oleg Tinkov complained.

The billionaire also added that many businessmen in Russia agree with his position, but they spoke about it only in private. In public, the rich are afraid to say it.

The media estimated that 35% of TCS Group could cost almost $ 2.4 billion, but it could be sold much cheaper – for $ 300 million. A source of RBC reports an amount of $ 350 million. The central bank approved the deal, but did not disclose the details.

On the Moscow Exchange, the market capitalization of TCS Group is estimated at $ 6.9 billion.

As Topnews wrote earlier, Oleg Tinkov said that he was selling a stake in Tinkoff Bank after he condemned the Russian authorities because of the situation in Ukraine. The businessman said goodbye to the team and said that he was going to retire.

The bank also said that they want to rebrand.

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China called Russia’s toughest response to Western sanctions

China called Russia's toughest response to Western sanctions

The PRC media recalled Russia’s actions in response to the restrictions.

In China, Dean of the Institute of Energy Policy Lin Boqiang published an article in the publication “Huanqiu shibao”.

In the article, he pointed to “Russia’s toughest response to sanctions.

The author recalled that Russia stopped gas supplies to Poland and Bulgaria, as these countries refused to pay in rubles.

Lin Boqiang recalled that the requirement of the Russian Federation to pay in rubles for blue fuel is already in effect, and now it is called the toughest response to Western sanctions.

To effectively replace oil and gas from Russia, the European Union needs to increase imports from Qatar and the United States, but there is no necessary infrastructure for this.

In the near future, the United States will not be able to solve Europe’s fuel problem, although gas is supplied to the New World in full.

Nevertheless, there is a shortage of vessels for its transportation.

The Chinese expert noted that the crisis in Ukraine led to the restructuring of the oil and gas market and deployed it.

Earlier, topNews wrote that the payment in rubles for Austria and Germany failed at Gazprombank.

The ruble payment for gas was rejected.

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