The specialist has identified a “point of no return” for the dollar.
According to expert Andrey Kochetkov, the United States will not be able to reset all the dollars that are in Russia.
He told the agency “Prime ” about this.
Kochetkov noted that the US will not be able to reset internal calculations in Russia, because there is no database in the world in which the ownership of banknotes to a particular person or state would be recorded.
Thus, any threats to settlements with cash currency look unrealizable.
As Kochetkov stressed, if the United States continues to impose restrictions on transactions with dollars, the status of this currency will continue to decline.
“Already today, blocking funds on a national basis is perceived negatively not only in third-party countries, but also in the public consciousness in Europe and the USA, ”, – the specialist noted.
He assumes that the dollar’s share in international reserves will decrease, as will its role in international settlements.
According to him, this will lead to a drop in demand for US treasuries, and then to dollar inflation.
The possible decision of the Fed to launch the printing press will continue to spoil the US currency.
Thus, the point of no return for the dollar has already been passed, and many countries have already started searching for its replacement.
Kochetkov noted that the West’s blocking of $300 billion worth of Russian reserves means a political default of the United States and Washington’s actual recognition of the lack of security guarantees for the reserves of other countries, for example, China and Arab states.
The expert predicts a massive withdrawal of countries from the dollar this year.
Earlier, topNews wrote that Joe Biden banned the supply of dollars to Russia. According to the US president, the new measures will increase the sanctions pressure on the Russian Federation.
According to the British Foreign Minister, restrictive measures will not be lifted from Russian businessmen.
Politicians in Europe are exploring the possibility of transferring the property of Russians who have fallen under sanctions to finance the reconstruction of Ukraine.
This is reported by RIA Novosti with reference to the American agency Bloomberg.
According to journalists, we are talking about the assets of Russian businessmen who have fallen under sanctions.
According to some reports, the authorities of the EU countries allegedly want to direct the proceeds to finance the reconstruction of Ukraine.
Against this background, British Foreign Minister Liz Truss said that the sanctions imposed against Russian businessmen will not be lifted.
Thus, she ruled out the possibility of lifting restrictive measures from them.
She called this situation extremely difficult and accused these oligarchs of helping Russian President Vladimir Putin.
Truss also said that businessman Roman Abramovich will not be able to return to the UK.
Recall that many Russian businessmen, including Roman Abramovich, the head of Yandex, as well as a shareholder of Alfa Group, have fallen under the fourth package of EU sanctions imposed on March 15.
Recall that Roman Abramovich cannot pay the rent of the plot where his house is located in the prestigious London borough of Kensington.
The businessman tried to save his yachts by hanging on them the flag of Bermuda, where the vessels are registered.
Earlier, topNews wrote that Russia imposed sanctions against Biden and Blinken in response. The Russian Federation also banned the entry of the Prime Minister of Canada.
The Agency intends to check suppliers, intermediaries and retail chains.
The Federal Antimonopoly Service of the Russian Federation announced an inspection – checks the sugar supply chain.
According to the agency in its Telegram channel, one of the reasons for the empty shelves in Russian stores was the excessive demand for sugar, which was demonstrated by the population.
On the other hand, as the FAS clarifies, such demand is artificially supported by selling organizations, including unscrupulous manufacturers, intermediaries and retail chains.
It is these three categories of the food chain that the agency intends to check in the near future.
The inspection of sugar producers was previously announced by the Prosecutor General’s Office of the Russian Federation.
She said that she was aware of attempts to artificially raise prices for a popular product.
At the same time, as the newspaper reports.ru”, some sugar growers demanded that intermediaries make purchases in foreign currency (dollars), but the calculations themselves should be carried out in rubles, according to the current exchange rate.
As Topnews wrote earlier, Russians arrange fights in queues for sugar. Some incidents are captured on video and posted online.
The statement came from the mouth of the Chinese Ambassador to Ukraine.
Chinese Ambassador to Ukraine Fan Xianzhong told the media that the republic is ready to provide full support on economic and social issues to Ukraine.
He also assured that China would never harm Ukraine.
Earlier, reports appeared in the media about Chinese humanitarian aid, which he is ready to send to the West of the country.
Xianzhong explained that China’s imports amount to more than $ 3 trillion a year, and the country is ready to help develop the Ukrainian economy.
“In this situation that you have now, we will act responsibly, ”, – the diplomat said.
Earlier, the Chinese authorities also stated that they support the sovereignty of Ukraine, but at the same time refused to take one side in the Russian-Ukrainian conflict.
Experts, in turn, pointed out that the PRC intended to invest seriously in the country’s economy until February 24 this year, but refused to invest against the background of pressure exerted by Western powers on Kiev, reports Avia.pro.
The ambassador also explained that the information of the media, which previously stated about Russia’s request for the supply of weapons from Beijing, is unreliable.
Earlier, Topnews wrote that Russia had fallen into an oil hole partly due to difficulties with selling cheaper oil to Beijing.
The US Treasury announced the chance of the Russian Federation to pay the debt by May 25.
Analysts say that a default in Russia in the near future is not worth waiting for.
As “MK” reports with reference to the opinion of experts, several decisions affected the situation. On the one hand, the Russian government has stated that it has no problems with servicing the country’s public debt, and a payment of $117 million on Eurobonds has already been made the day before.
Such a development of events says that the US Treasury, which had previously announced sanctions against Russia, nevertheless allowed the US bank to make a payment in its own currency. The coupon was paid in dollars.
The US department explained that despite the sanctions against the Central Bank, Moscow will be able to pay the sovereign debt until May 25, 2022. Later, the Russian side will need a special license.
According to financial analyst Mikhail Belyaev, the move made by the Central Bank looks witty. Russia showed the availability of the necessary funds in rubles, after which they transferred the funds to Citibank, acting as a payment agent.
After that, it was explained to the American side that it would be able to pay the debt in rubles and dollars, but the latter is possible if part of the previously frozen foreign exchange reserves is unblocked.
The second reason for analysts’ optimism, according to the media, is that ordinary Americans and local corporations that previously invested in Russian enterprises will suffer from non-payment of interest on the debt.
“The American authorities do not need this before the congressional elections”, – the analyst believes.
The publication recalled that the next payment from Russia should arrive in the United States on April 4.
Recall that the Eurobonds that will have to be paid at that time are estimated at $ 2 billion.
The analyst is confident that there will be no problems with repayment, and the United States backed down, realizing the disadvantage of the situation for itself, because the consequences of restrictions will not be supported by either investors or ordinary holders of securities.
As Topnews wrote earlier, earlier the probability of default in Russia was estimated by the International Monetary Fund.
The US State Department intends to stop all attempts of China’s military assistance to the Russian side.
US Secretary of State Anthony Blinken announced the intention of the Joe Biden administration to take measures against China if it does not refuse to support the military special operation in Ukraine conducted by the Russian military.
According to Blinken, at the meeting of the heads of China and the United States, which will be held on March 18, Biden will explain to the Chinese leadership in the person of Chairman Jinping that if Washington finds out that Beijing supports the Russian side, China will have to bear responsibility for it.
The politician clarified that the US president would make it clear that measures would be taken for any actions taken by him, RIA Novosti quoted him as saying.
Washington intends to continue calling on all countries, especially those with influence on Moscow, to use any means of influence.
Blinken clarified that the American side is concerned about the information that Beijing can provide direct military assistance to Moscow by giving equipment for its use in the Ukrainian conflict.
Recall that on March 15, the Permanent Representative of the United States to NATO, Julian Smith, appealed to all countries to voice their position on Ukraine and not to pretend to be a neutral party, specifically mentioning China, which had previously declared neutrality in the conflict.
“They should stand on the side of the rules-based world order”, – Smith said.
In response, the Beijing delegation recalled that the United States is a constant violator of international norms, and has no right to dictate how to act to other states.
The statement of the Chinese Permanent Mission to the EU says that Beijing will not forget the pain and suffering of other countries, as well as who bombed the Chinese embassy in Yugoslavia, reports Ruposters.
“We don’t need lectures on justice from a violator of international law, – the diplomats said and pointed to the growing appetites of NATO as the heir to the Cold War, which the Alliance itself should think about.
And the Chinese Foreign Ministry, represented by official representative Zhao Lijian, accused the Alliance, the United States and Western countries of double standards when talking about civilian victims of military conflicts. They were not worried about the dead citizens of Iraq, Syria, Palestine and Yugoslavia.
The diplomat said that the question arises: “Do the civilians of these countries mean nothing to you?”.
He considers Beijing’s position logical, which is confirmed by previous statements regarding pressing issues on Afghanistan, Israel, Syria and others.
Lijian advised the American side not to add fuel to the fire and “stop transporting ammunition” to the Russian-Ukrainian conflict zone, urging them to sit down at the negotiating table together with Europe, Russia and Ukraine.
As Topnews wrote, the Chinese side reported on measures of social and economic support for Ukraine, calling for an early peaceful settlement of the conflict with Russia.
Experts explain why suppliers and Networks refuse to lay out an annual stock of goods against the background of demand.
The media reports on the mass cancellation of discount programs and promotions in Russian stores. Experts note that they are unprofitable for both retailers and product manufacturers.
According to RBC with reference to the representative of the Russian retailer X5 Group (Pyaterochka, Perekrestok and Chizhik), suppliers refuse discounts from the end of February.
The same thing happens with Azbuka Vkusa, and the Verny network reports refusals for discounts from a third of suppliers.
Media sources state that domestic manufacturers support the same position, “more than foreigners ”.
So, officially, consumer-oriented Procter & amp; Gamble (USA) refused any promotions, which also reduced the range of products (Pampers, Ariel and Tide brands, Always, Tampax, Gillette, Old Spice) and increased prices by 43%. The same was done by Reckitt (brands Durex, Vanish, Calgon, Clearasil, Nurofen, Strepsils) and PepsiCo (“House in the village”, “Miracle”, “Agusha”, “Favorite”, J7, “Orchard”, “I”, Lay’s, Cheetos, Pepsi, Lipton, Aqua Minerale).
Meanwhile, according to the research company NielsenIQ, last year Russians bought goods with discounts of over 51.6% – buyers of chain stores.
The leaders of discounted products were air conditioners for laundry (93%), washing powders (80%), dishwashing detergents (77%), cottage cheese desserts (76%), baby food (72%) and chocolate bars (71%).
According to the head of INFOLine Analytics Mikhail Burmistrov, there are few stores in Russia that sell goods at low prices, which is why the demand for discounts is high.
Russian buyers have a habit of buying 30-50% cheaper, in particular household chemicals. Their cancellation leads to a “multiple increase” in consumer prices.
The media reports that the refusal of promotions and discounts is explained by manufacturers by rising prices for goods, disruption of logistics and the fall of the ruble. All this leads to a shortage of raw materials and packaging, Verny reports. And X5 Group said that discounts require coordination with the supplier.
According to the representative of “Rusprodsoyuz” Dmitry Leonov, suppliers, in turn, optimize all stages of the business against the background of the growth of orders. They have been forced to carry out deliveries at a loss to themselves since the end of February. There is a cash gap, because the networks do not agree to price changes and delay payment.
According to Burmistrov, the refusal of promotions can be considered a pragmatic decision. This way the goods will stay longer on the shelves and warehouses, and all participants in the deliveries will have time to rebuild logistics.
Against the background of rising prices, retailers do not benefit from selling the entire annual inventory in order to avoid empty shelves.
As Topnews wrote earlier that Russians in the Network change things for sugar and fight for it in queues.
In Moscow, residents rushed to buy gold bars en masse.
In Moscow, residents massively rushed to buy precious metals in bullion – gold, silver and platinum.
Muscovites line up in huge queues at the ticket offices of the Savings Bank, and sometimes occupy them for several days.
A video appeared on the Network showing how the crowd is standing in the ATM area, however, apparently, the gold for purchase ends in 20 minutes.
According to some reports, the video was shot in the Savings Bank near the Tverskaya metro station.
People gathered in a large queue, according to Mash, bought precious metals in all kinds, including coins.
According to one of the Muscovites, he is waiting for the opportunity to buy precious metals for three days. He told vPost media about this.
He stressed that an appointment at the cash register is made on a piece of paper, and some people who wish to register at the cash register for the day.
According to experts, Russians could see gold as an attractive investment to save savings against the background of the abolition of VAT on the sale of this precious metal to residents until the end of 2022.
At the time of publication, the price of gold in “Savings ” is 7229 rubles per gram.
Earlier, topNews wrote that Tamara Globa and Ziradin Rzayev told when the crisis will end and the dollar will stabilize. The astrologer and the psychic gave their forecast for the future.
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State Duma deputy Yevgeny Fedorov proposed to ban the work of those who left the Russian market for 10 years due to sanctions and internal decisions of foreign companies. Recall that most of them do not intend to return to Russia until May 1.
According to RT, which refers to the text of the document, the addressee of the initiative is the head of the Ministry of Economic Development Maxim Reshetnikov.
The document says that the companies, having left the market, left tens of thousands of citizens in an uncertain state.
The deputy asks to assess how important it is for them to return to the market after May, and if the experts’ decision is negative, to impose a ban on those enterprises that will not be able to resume operations before May 1.
As a condition of admission to the market, he offers this date.
Recall that on March 10, the Public Consumer Initiative Foundation told about the list of foreign companies that may fall under the nationalization procedure in Russia.
They include 59 brands, including companies including McDonald’s, Volkswagen, Apple, IKEA, Microsoft and others, the list of which has already been submitted to the Prosecutor General’s Office.
Earlier, Topnews reported that Potanin was criticized for calling for the nationalization of Russian enterprises of foreign brands.
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The Russian leader also assured that Russia’s military operation in Ukraine will certainly be completed with the goals set in advance.
Russian President Vladimir Putin held a meeting today on issues of socio-economic support for the regions.
During the meeting, the head of state made an extensive speech, where he spoke about the key points of political and economic decisions against the background of Western anti-Russian sanctions, and also clarified the situation with the Russian military operation in Ukraine.
The Russian leader spoke out about the fifth column and the traitors of the country.
So, according to Putin, these categories include not only citizens who hastily fled “over the hill”, but those who mentally, mentally remain committed to Western values.
“… any nation, and even more so the Russian people will always be able to distinguish true patriots from scum and traitors and simply spit them out like a fly that accidentally flew into their mouth. I am convinced that such a natural and necessary self-purification of society will only strengthen our country,” the President said.
According to Putin, he does not condemn lovers of villas in Miami, oysters and foie gras. However, according to the president, these Russians are not patriots of their country.
“Such people are ready to sell their own mother, if only they were allowed to sit in the hallway of the highest caste, – the Russian leader noted.
About the course of the special operation, Putin once again stressed that Russia has no goal for the occupation of Ukraine and all actions taken by the Armed Forces of the Russian Federation are aimed at the previously announced goals of demilitarization and denazification of Ukraine.
Putin also expressed confidence that all the goals set will be achieved, as there is no other option to ensure Russia’s security.
At the same time, according to the president, the Russian military uses tactics to avoid civilian casualties as much as possible.
The Russian leader also explained that with the introduction of the armed forces of the Russian Federation exclusively to Donbass, the result would not have been achieved, but only the front line was shifted.
Separately, Putin recalled that the Kiev regime had been sabotaging the Minsk Agreements for eight years, and at the end of 2021 he refused to publicly implement them at all. At the same time, in the foreseeable future, the pro-Nazi regime of Kiev could receive nuclear weapons and become a springboard for aggressive actions against Russia.
At the same time, the West actively pushed Ukraine to bloodshed, fueling confidence with weapons and mercenaries.
Assessing the situation in the Russian economy, Putin stressed that the West failed to organize an economic blitzkrieg against our country. On the contrary, as the president explained, now the US and the EU have actually defaulted on their obligations to Russia.
“Illegitimate actions to freeze part of the foreign exchange reserves of the Bank of Russia draw a line under the reliability of the so-called first-class assets. In fact, both the US and the EU have declared a real default on their obligations to Russia,” Putin says.
However, even in the conditions of a number of required structural changes in the Russian economy, which will lead to an increase in unemployment and inflation, the authorities will definitely develop measures to support the population, the Russian leader assured.
In particular, Putin instructed to raise the minimum wage, the living wage, public sector salaries, social benefits and pensions. Putin instructed the Cabinet of Ministers to calculate the exact parameters of the upcoming increases.
The Head of State also assured that today Russia’s revenues are sufficient and the Central Bank will not have to “print money”.
Separately, Putin ordered the governors and heads of regions to develop and head the headquarters for economic development, as well as to make operational decisions to support the population in the regions, depending on the prevailing conditions on the ground.
At the same time, private business, as Putin explained, should play a key role in overcoming the current economic problems in the country.
Separately, the president called for eliminating manual intervention in prices to stabilize them by increasing offers.
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As Topnews wrote earlier, Putin promised not to send conscripts to Ukraine, and guaranteed new payments to families with children from 8 to 16 years old.
