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They will affect pensions, payments to families with children, CTP and loans.

Russian President Vladimir Putin has signed a law on a set of measures for socio-economic support of Russians and Russian business.

The text of the document is posted on the official legal information portal. It follows from it that support will be provided in various spheres of the Russian economy.

Pensions and social sphere

The Head of State gave the Government of the Russian Federation the right to determine the size of the social security pension, which will be higher than the level established by Russian legislation.

It also gets the right to additional indexation of social pensions and fixed payments to insurance, and to determine how the minimum wage will be set and the living wage calculated, RIA Novosti reports.

According to the document, the government will be able to take over the details of the legal regulation of social assistance, social protection, the nuances of providing social services, guarantees and payments that are assigned to certain categories of citizens.

Credit holidays

The law entitles Russians and domestic small and medium-sized businesses to new credit holidays, including mortgages.  Those borrowers who have concluded loan agreements before March 1, 2022, will be able to apply for the introduction of holidays to their lender in the period from March 1 to September 30.

Those individuals and entrepreneurs whose incomes have decreased by 30% or more, and the amount of the loan taken does not exceed the level set by the Government of the Russian Federation, will be able to count on a respite. These borrowers can expect to defer loan repayments for up to 6 months, or reduce the amount of payments.

CTP tariffs

The new law establishes the right of the Bank of Russia to review CTP tariffs for car owners and owners of hazardous facilities more often than once in 12 months. The right is designated as temporary.

The Central Bank will be able to promptly adjust the limits of the tariff corridor, or the coefficients themselves, without being tied to the time when they were last changed.

Payment of insurance premiums and a moratorium on inspections

Also, the Government of the Russian Federation has received the right to extend the terms of payment of insurance premiums, as well as the right to declare and apply additional grounds to grant a deferral or installments for the payment of insurance premiums for the most affected industries.

The document also provides for the introduction of a moratorium on scheduled inspections of small and medium-sized businesses this year. In the field of IT, a moratorium is being introduced until the end of 2024.

Public procurement

The law allows the Government of the Russian Federation, regional and municipal authorities to change the essential terms of the contract, including its subject, price, term and payment procedure, if the goods are purchased for the needs of the state and the municipality.

This year, the government is allowed to establish additional opportunities to purchase goods and services from a single supplier, as well as to establish additional cases in order to cancel penalties for non-fulfillment of contracts.

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Medical organizations get the right to purchase more necessary goods through an electronic request for quotations, and to purchase medicines, materials and products in a simplified manner. For example, the FSS will be able to buy technical rehabilitation equipment and services from one supplier.

The maximum amount of purchase of medicines from one supplier for prescribing to one patient has increased from 1 million to 1.5 million. Medical products that do not have a domestic analogue can be bought from one supplier abroad, but it must be from a country that has not joined the anti-Russian sanctions.

Earlier, Topnews wrote that the president promised to pay more than 7 million rubles to the families of the military killed in Ukraine.

Источник topnews.ru

The media report on possible reasons for the negative attitude of countries to Biden’s proposal.

The heads of the UAE and Saudi Arabia refused to discuss the issue of oil production growth by phone with US President Joe Biden.

Recall that the issue was supposed to be considered against the background of the US ban on the import of Russian oil, which led to a sharp increase in prices.

According to RIA Novosti with reference to the American edition of the Wall Street Journal, Prince Mohammed bin Salman (Saudi Arabia) and Sheikh Mohammed bin Zayed (UAE) last week discussed the situation with Vladimir Putin and Vladimir Zelensky, but refused to talk to Biden.

According to the publication, the heads of state of oil importers intend to adhere to the oil production plan previously developed by the Defense Industry.

Recall that Russia heads the organization.

The concern of the countries, as insider officials told the publication, is caused by the restrained reaction of the United States to the missile strikes in Yemen, which were made by the Houthis. The second reason for alarm is the possible restoration of the nuclear agreement with Iran, which does not take into account the security interests of the UAE and Saudi Arabia.

The latter country has separate conditions. So, she intends to get the United States to cancel lawsuits against her prince and get him legal immunity.

Recall that the decree on the complete ban of gas, oil and other energy carriers from Russia was signed by the US president on March 8.

According to TASS, Biden said that he understands the impossibility of joining the ban on imports to allies among European countries.

He also said that Russian sanctions will lead to a further increase in gasoline prices in the United States, and urged to fight speculators, and also asked companies not to inflate fuel prices.

As Topnews wrote earlier, the UK announced the rejection of Russian oil and gas earlier.

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Earlier, Iran was in the lead.

In a few days, Russia has become the leader in the world in terms of the number of sanctions that have been imposed against it. Previously, Iran topped the rating of such states – 3,616 restrictions were imposed against it. A total of 5,540 restrictions have already been imposed against Russia.

This was reported by Bloomberg, publishing the platform data Castellum.AI .

More than half of the sanctions have been imposed against Russia since February 22 (2778 restrictions). According to RBC, this can be compared to a “financial nuclear war”.

Syria is following Iran – 2608 restrictions have been imposed against it. The list also includes the DPRK and 2,700 restrictions. Next – Venezuela and 651 sanctions.

By the way, Switzerland imposed the most sanctions against Russia.

Recall that the EU and the United States have agreed on sanctions against a number of large Russian banks. Including VTB, Sberbank, Sovcombank, etc.

It was decided to disconnect Russian banks from the SWIFT international payment system. The assets of the Central Bank abroad were frozen.

Sanctions have also been imposed against Vladimir Putin, his inner circle, and numerous Russian figures.

Along the way, large enterprises continue to leave Russia after the start of the special operation in Ukraine.

Earlier, IKEA suspended work for three months, employees were sent on paid leave.

According to the latest data, Fitch, IBM and Adidas are suspending work in Russia. OBI is closing the business as well.

Australian oil companies Viva Energy and Ampol announced the suspension of purchases of crude oil from Russia.

As Topnews wrote earlier, in Russia, against the background of EU and US sanctions, they are in favor of abolishing responsibility for the use of unlicensed software.

Presumably, there is a conversation about software that has no analogues in Russia.

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Hungary has already opposed tough sanctions.

Various experts in the wake of the most powerful anti-Russian sanctions are making forecasts for Europe. Previously, a number of countries have already begun to speak out against restrictions that will affect them themselves.

So, Japan expressed its disapproval to Russia that it was included in the list of unfriendly countries. And Hungary did not support the expansion of anti-Russian sanctions on the energy sector.

The Finance Ministry stressed that this would be the greatest threat to the national currency and local residents.

In an interview with Focus magazine, economist Daniel Stelter said that the restrictions for Russia are not so critical. Although the reaction of the EU countries, of course, is tough.

The expert called the freezing of Russian loans a smart move, but Russia will remain autonomous in any case – it has revenues from oil and gas exports.

Stelter noted that the situation in the European economy at the same time “deteriorated markedly.” The goods that were supplied from Ukraine are coming to an abrupt end – these are semiconductors, neon or agricultural raw materials.

If the military confrontation and sanctions continue, the situation may develop according to two scenarios – “bad” and “very bad”, the expert is sure.

“Bad: we get stagflation, that is, price increases with the stagnation of the economy. The surge in inflation is already visible now, and we are facing a huge problem in the field of food,” the economist says.

Russia and Ukraine supplied 35% of wheat exports to the West. Ukraine also has 90% of sunflower supplies. Corn and barley were shipped in large quantities.

Arab grain importers from Ukraine may lack goods. This will lead to unrest in the Middle East. This means that Europe will receive another wave of refugees.

“Perhaps we should even buy wheat at a high price and resell it cheaper to these countries to counter this,” the expert adds.

China was smarter – it built warehouses, stocked up on raw materials, and Europe did not have stocks. Gas, coal, and food prices have started to rise.

The toughest scenario for Europe will be a complete embargo on energy resources from Russia. With a boycott of Russian oil and gas, huge inflation will result, and the economy will be destroyed.

“Sanctions always hurt both sides – ultimately, the question is who will last longer,” the economist believes.

Stelter warned that Russia will get closer to China, and this will not do anything good for Europe. By the way, it is China that will win in the confrontation.

It is also more tragic that Ukraine and Russia will now be the most difficult to bring closer to Europe – even, most likely, impossible.

RIA Novosti, referring to EU MP Thierry Mariani, warns of a catastrophe for the European Union in case of rejection of Russian gas and oil. Mariani recalled that oil is paid in dollars, and the euro has fallen heavily against the US currency.

The expert also noted that Europe is now behaving emotionally – it does not yet know what to add to the sanctions. And as a result, Russia will survive a difficult time, recover and become even stronger.

As Topnews wrote earlier, Russia has compiled a list of 48 countries that are unfriendly to us. Among them are all members of the European Union, Britain, etc.

Now the states from the list are obliged to make settlements on foreign currency obligations only in rubles.

Источник topnews.ru

The dollar and the euro have updated the highs on the Forex market

The ruble has again updated the historical minimum during currency trading on Forex.

Today, on March 7, the dollar is trading at the level of 138.75 rubles, and the euro is 150.58 rubles.

The sharp fall in the ruble exchange rate was the result of anti-Russian sanctions by the EU and the United States in connection with Russia’s special military operation in Ukraine.

In particular, the West has frozen all assets of the Central Bank of the Russian Federation, as well as a number of other banks.

Against this background, in Russia, when buying euros or dollars on the stock exchange, a commission is charged for individuals.

As Topnews wrote, restrictions were also imposed on transfers abroad for foreigners.

Later, the Bank of Russia closed currency trading on the Moscow Stock Exchange on Monday.

However, it is not only the ruble that suffers from the sanctions policy.

In Europe, the rise in gas prices has updated historical highs. On March 7, the price there is $ 3,500 per thousand cubic meters. At the same time, a little earlier, the price approached $ 3,900, after which it dropped to $ 2,900.

Dmitry Medvedev, Deputy Chairman of the Russian Security Council, decided to comment on this with a bit of irony.

So, he congratulated the short-sighted EU officials on the decision to stop certification of the Nord Stream—2 pipeline, RIA Novosti reports.

“I can only congratulate my far—sighted European colleagues who have reliably defended themselves against the treacherous Russians and the Nord Stream 2 project,” Medvedev said.

As Topnews wrote earlier, experts estimated the economic losses of the EU due to anti-Russian sanctions.

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The analyst listed the industries that will be the first to suffer serious losses.

Economist and financial analyst Mikhail Belyaev shared with the media a forecast about the losses of the EU economy after the introduction of anti-Russian sanctions. He estimated them at hundreds of billions of euros.

In conversation with “Rambler”  he stressed that the EU energy sector will suffer the most significant losses. Belyaev recalled that the EU intends to fill its gas storage facilities, which are almost empty, by 80%.

At the rate of $ 2,500 per 1,000 cubic meters, it is already approaching $ 2.5 thousand, it is not difficult to understand the costs.

It should also be taken into account that the European Union has refused Russian gas, and for the construction of LNG terminals for liquefied natural gas, which is accepted by Europe as an alternative, huge sums are needed, Belyaev explained. He clarified that Germany has already announced the construction of two such terminals.

Another reason for the high costs in the industry is the planned EU overlap in the supply of components for high-tech equipment that were previously delivered to Russia. Losses in this case will be incurred by the companies – suppliers.

The second area of expenditure of the EU countries will be aviation. Due to the closure of air corridors for aircraft flights, there are additional costs for logistics, transport and others that will be required for passages through southern or northern territories, there are others.

For example, leasing, the analyst explained, where not only profile companies, but also insurers will lose, and this is already a blow to the financial sector, of which they are an essential part.

According to the analyst, it is unclear how the authorities will react to such a situation.

“They say they are ready to review sanctions and make certain exemptions if it threatens the stability of the financial sector, – Belyaev explained.

The third direction he called tourism and related business, which accounts for 15-20% of the gross domestic product of Western Europe.

The hotel, restaurant and tourism business of small and medium caliber will suffer. And behind this is the chance of job losses and social unrest, he stressed. They are also worth the money spent on various kinds of compensation.

Belyaev believes that the obvious decision of the West is the easing of sanctions, otherwise they will remain non-working. He explained that such developments affect the level of inflation, and so on.

“This is tens and hundreds of billions of euros ”, – the expert calculated.

Summarizing his opinion, Belyaev stressed that sanctions are likely to take steps back, which will be made after the first political shock and a sober understanding of the decisions.

As Topnews wrote earlier, the United States imposed sanctions against 19 officials “ from Putin’s entourage ” and 47 members of their families.

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Chancellor Scholz told the media.

The media reports that Germany has announced the start of gas purchases bypassing Russia. At the same time, it is indicated that Russian energy supplies have not stopped.

This became known from the words of German Chancellor Olaf Scholz.

In an interview with the ZDF TV channel, he said that “we are not as naive” as it might seem.

According to Scholz, even before the certification of the Nord Stream was stopped, the German authorities took care of a backup option.

So, the Chancellor explained that they were ready for difficulties, and imposed sanctions already knowing that they could buy gas somewhere else.

“We have done this and are doing it further”, – said Scholz.

He clarified that Germany still receives fuel from Russia, including gas, oil and coal.

Recall, as Topnews reported, on February 22, the German side stopped the certification of the Russian-German gas pipeline “Nord Stream-2 ”.

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This statement was made by the US Deputy Secretary of State.

According to US Deputy Secretary of State Victoria Nuland, new Western anti-Russian sanctions will be lifted if Russia’s special operation in Ukraine stops.

TASS writes about this.

Nuland said that Russia will also need help in rebuilding Ukraine and restoring peace. In addition, Moscow needs to recognize the sovereignty of this country and its right to exist.

She noted that the Russian authorities are now denying the very right of Ukraine to exist.

Nuland did not directly answer the question whether Washington is going to recognize Russia’s red lines, including the security requirement expressed in Ukraine’s refusal to participate in NATO and further expansion of the bloc to the east.

According to her, the United States was ready to discuss most of Russia’s issues, including reducing the number and scale of military exercises.

She stressed that the North Atlantic Alliance had no intention of deploying offensive weapons in Ukraine.

“We were not going to let Russia make decisions for NATO”, – she said.

Victoria Nuland called NATO a defensive alliance and stressed that the bloc, like Ukraine, poses a zero threat to Russia.

Earlier, topNews wrote that Zelensky offered talks to Putin.

According to him, Ukraine does not pose any threat.

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The vessels are located in the Russian Federation under a leasing agreement.

The Ministry of Transport of the Russian Federation and Russian airlines discussed how to keep Boeing and Airbus aircraft in the domestic fleet.

Recall how I wrote the day before  Topnews, Boeing Corporation announced that it is temporarily suspending technical support and the supply of spare parts for aircraft used by Russian airlines.

The same was stated by the aircraft manufacturer Airbus.

The reason for such decisions was called the Russian military special operation in Ukraine, after which the United States and the EU adopted a number of sanctions.

According to RBC, citing a source in a large leasing company, Deputy Minister Igor Chalik held a meeting with representatives of the Russian aviation industry at which options for preserving the fleet of foreign-made aircraft were considered.

It is known that the European Union has banned the supply of new aircraft in Russia, and also canceled previously concluded leasing agreements, according to which the Russian side used aircraft.

The validity period of the documents is limited to March 28, 2022. After that, the owners of the vessels demand to return them to their homeland.

One of the proposed options was the nationalization of the aircraft of the two companies.

But the final decision on Airbus and Boeing products has not yet been made, the insider of the publication stressed.

Источник topnews.ru

The entrepreneur explained what the upcoming crisis can be compared with.

Speaking at the Krasnoyarsk Economic Forum, the founder of RUSAL, Russian billionaire Oleg Deripaska predicted what the economic future of Russia will be in the next three years.

According to him, due to the beginning of Russia’s military special operation in Ukraine, the first one has a rather gloomy future.

According to the entrepreneur, such challenges have not happened in modern Russia before.

Deripaska said that at the moment the West has already lowered the Iron Curtain and for three years the country is waiting for the most severe crisis.

“Multiply the crisis of 1998 by at least three,” Interfax quotes him as saying.

According to the oligarch, in three weeks it will be clear how the Russian banking system will respond to the challenge, so it is important to support the Russians and reduce the financial pressure that has fallen on them.

Small and medium-sized businesses need no less support, it also needs to be financed, the expert believes.

“Otherwise we will fly into minus 20% of GDP,” Deripaska explained.

He described two steps that need to be done to normalize the situation.

First of all, we need peace, then an honest discussion of where, how and under what conditions we live, who commands what and what risks are borne.

Deripaska said that he is an opponent of tough financial pressure on Russians who are not to blame for anything.

Recall that economic instability arose after the introduction of anti-Russian sanctions by the West, which led to the fall of the ruble, the outflow of investors from the country.

According to Topnews, the dollar and euro prices have reached historic highs, and the Russian stock market is in a difficult situation.

Источник topnews.ru