Bloomberg: the EU has found grounds to borrow Russian assets for the needs of Kiev

Bloomberg: the EU found grounds to borrow Russian assets for the needs of Kiev

The publication believes that there are risks of losses, not profits.

EU lawyers have notified EU countries that there are legitimate grounds for using at least 33.8 billion euros from the assets of the Bank of Russia, which were frozen during the sanctions.

According to the EU legal service, they can be transferred to Ukraine for the restoration of the country. According to Bloomberg, citing sources, the condition for such a transaction will be the absence of expropriation of assets. That is, in any case, the principal amount of assets and interest on it will have to be returned to the Russian Federation.

On Wednesday, January 25, lawyers discussed this possibility with the ambassadors of European countries. It turned out that there are risks that losses will arise instead of profits with the new management of funds, and then they will have to be compensated at the expense of the EU and the member states of the Union.

Recall that the EU and G7 countries were looking for a way to use frozen Russian assets for the costs of restoring Ukraine, but they did not find legal grounds.

Brussels proposed to combine all the funds, and then try to make money on them, and spend the difference on Kiev.

The publication reports that experts estimate the assets of Russians abroad at $ 300 billion, about $33.8 billion are deposits in Europe.

Earlier, Topnews wrote that the European Commission proposed to create a structure that would manage frozen Russian assets.

According to the official representative of the Ministry of Foreign Affairs Maria Zakharova, the actions of the EU are nothing but theft.

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Germany has declared full independence from Russian energy carriers

Germany has declared full independence from Russian energy carriers

The Finance Minister proposed a new agreement between the “liberal democracies”.

German Finance Minister Christian Lindner, in an interview with the media at the World Economic Forum in Davos, said that Germany has overcome dependence on energy resources that were previously supplied from Russia.

As he said in an interview with BBC journalists, which appeared on January 19, Germany still depends on imported energy carriers, but Russia is not among the suppliers, and Russian imports do not affect the situation in the country’s energy sector.

Dependence remains only on the world markets, Lindner stressed.

According to the minister, Germany has agreed to resume the operation of local coal-fired power plants, and plans to open three nuclear power plants have been postponed.

In addition, the authorities have increased the capacity that was given to the storage of natural gas supplied from abroad, specifically from Norway and the USA.

Lindner said that Germany has come to understand that after Chancellor Angela Merkel, the country needs to strengthen its competitiveness.

Speaking about the Merkel period, he said that then the country was developing the strengths of the past.

“Now we are developing the strengths of the future,” he stressed.

Recall that Germany refused to import Russian oil at the beginning of 2023, gas stopped flowing to the German side after sabotage on the Nord Stream gas pipeline.

The head of the German Finance Ministry also called for the achievement of a global agreement on trade of several liberal democracies and the restoration of relations with the United States, which arose due to the law on reducing inflation.

Lindner called for stopping the competition between the parties on the amount of subsidies. It can become a threat to the sustainability of state finances in Europe, the minister believes.

“We don’t need a trade war, we need trade diplomacy”, – he said.

As TASS reminds, the inflation law adopted in the United States gave large subsidies to companies – manufacturers of electric vehicles, batteries and equipment for energy with the condition that the goods are manufactured in the United States. In Europe, they decided that the harbinger of a transatlantic trade war.

According to the head The European Commission of Ursula von der Leyen, the EU should form a protectionist policy of the Union in response to the economic innovations of the United States.

Earlier, Topnews wrote that from February 1, according to the decree of the President of the Russian Federation, oil supplies under the ceiling set by the EU and the USA are prohibited.

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In the USA, they told about the “suspicious actions” of oligarchs from Russia shortly before the start of their

In the USA they told about the

Shortly before the start of the special operation, the number of asset transfers from Russia to the United States increased dramatically.

Russian officials and businessmen made a number of suspicious transactions before the start of the SVO, which may indicate attempts to evade sanctions.

The American authorities have published a report on international transfers made by Russian billionaires in early 2022.

According to the documents, from January to April 2022 there was a sharp increase in the volume of transfers, and some large owners transferred assets to children and relatives.

According to FinCEN analysts, the volume of such transactions is estimated at billions of dollars, and in most cases it is unknown where these funds come from in Russia, and it is unclear whether they may be related to corruption.

One of the persons involved in the suspicious list seriously increased Swiss credit card expenses from December 2021 to February 2022.

According to some reports, the money was spent on luxury goods and art.

Purchases were made up to the beginning of the SVO and the introduction of sanctions.

At the beginning of 2022, a number of large entrepreneurs sent large transfers to their loved ones who live abroad, including in the United States.

For example, a businessman’s child living in the USA received $1 million as a transfer last February.

Recall that the SVO began on February 24, 2022.

Earlier, topNews wrote that the conversation between Zelensky and Macron was leaked to the Network on February 24.

The excerpt appeared in a documentary.

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Media: Europe is waiting for a new shock related to Russia on February 5

Mass media: Europe is waiting for a new shock related to Russia on February 5

According to Chinese journalists, the European Union is waiting for an epic fiasco, despite the warm winter.

Italian media said that on February 5, 2023, Europe will face a new problem because of the Russian Federation.

Violet Silvestri, a journalist of the Money edition, came to such conclusions.

She noted that due to the decline in natural gas prices, the European Union was able to breathe a sigh of relief, but now the countries of the Old World are facing a new shock, since a ban on the transportation of Russian petroleum products, including diesel fuel, comes into force on February 5, 2023.

Silvestri wonders where the EU will get the missing fuel from, pointing to the next turmoil in the energy sector.

The new ban on the import of petroleum products from the Russian Federation was a consequence of the European embargo on Russian crude oil by sea.

A year earlier, the European Union supplied about 220 million barrels of diesel fuel from Russia, which is critically important for the European economy.

“Replacing such a quantity of Russian fuel, which is approximately 14,000 Olympic swimming pools filled with diesel, is a serious problem”, – writes Violet Silvestri.

Due to the sanctions, Russia may reduce production, including diesel fuel, which may lead to a shortage of it worldwide and to a sharp increase in prices for this type of fuel.

Against this background, it turned out. that the global economy is no longer in danger of recession, which means an increase in energy demand and even greater difficulties for the European Union in finding a replacement for Russian fuel.

Meanwhile, the Chinese publication Sohu writes that Russia may punish the European Union for gloating because of the warm weather and cheaper gas.

Thanks to the warm weather in Europe, fuel consumption has decreased and its cost has decreased. However, journalists consider the EU’s joy in this regard premature, and euphoria will be replaced by panic due to the epic fiasco of the region.

Thus, the current warm winter does not mean that there will be no problems for the European Union in the future, and the region remains dependent on Russian gas supplies. At the same time, Brussels has no new suppliers of blue fuel and, apparently, is not expected.

“Even if Europe survives this winter safely, how will it survive the next?” – Chinese journalists are interested.

In the conditions of austerity of energy, the European economy cannot exist for a long time, since the European Union needs stable supplies of cheap fuel, which Russia can provide.

The Chinese edition recommends that Europe restore relations with Moscow as soon as possible, since next winter may be much colder than the current one.

Earlier, topNews wrote that Putin allowed unfriendly countries to pay the debt for gas in currency.

A special account will be created for this.

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Mass media: Kazakhstan failed to establish oil supplies bypassing Russia in 2022

Mass media: Kazakhstan could not arrange oil supplies bypassing Russia in 2022

Earlier, the Kazakh authorities have repeatedly advocated the search for alternative routes.

The Kazakh authorities were unable to organize oil supplies bypassing the Russian Federation last year.

As “Izvestia ” writes, the Kazakh authorities have repeatedly talked about finding alternative supplies of black gold bypassing the Russian Federation.

However, the oilmen could not enter the routes that would suit the management.

According to the publication, it may take years and huge investments, estimated at billions of dollars, to find such ways.

According to the authors of the material, Kazakhstan has several possible ways to supply oil bypassing the Caspian Pipeline Consortium (CPC).

Among such routes, journalists call an increase in rail supplies through Russia, the transportation of oil through Azerbaijan with the subsequent supply of fuel through the Baku-Tbilisi-Ceyhan and Baku–Supsa pipelines, as well as an increase in supplies to China and Iran.

Recall that Kazakhstan is being pushed to search for alternative routes by the geopolitical situation and the actual problems with the CPC, whose pipeline leads from Western Kazakhstan to the port of Novorossiysk.

In March last year, berths were damaged in the port of Novorossiysk due to a storm, and in June shells from the Great Patriotic War were found in the water area.

As a result, the transportation of oil through the pipeline was stopped by the decision of the Primorsky District Court of Novorossiysk.

Earlier, topNews wrote that the Kazakh Foreign Minister refused to help Russia.

According to Mukhtar Tleuberdi, the country does not support sanctions against the Russian Federation, but it will not help Moscow to circumvent them.

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What will change from January 1, 2023 in Russia: The media called the laws that came into force from the New Year

What will change from January 1, 2023 in Russia: The media called the laws that came into force from the New Year

It will be possible to lose a vehicle for dumping garbage.

By tradition, packages of new laws come into force in Russia on January 1 of the new year. In particular, the deputies tried to finalize the previous bills and make life easier for Russians from the first days of 2023.

The new bills, which entered into force on January 1, 2023, were reported by the Moskovsky Komsomolets newspaper.

The term for the St. George ribbon

The deputies determined the procedure for using the St. George ribbon. It can be used during public celebrations dedicated to Victory Day or where the goal is to perpetuate the memory of Russian soldiers. They were allowed to wear it both at patriotic events and at “other” ones (which ones are not specified specifically).

The law does not describe how and on what you can wear a St. George ribbon. But the responsibility for the public desecration of the tape has been determined. I will punish the Russians as for the public desecration of other symbols of military glory of Russia.

The violator may face a fine of up to 3 million rubles or imprisonment for up to 3 years.

Innovations for judges

From January 1, 2023, several laws come into force that facilitate the process in court. For example, the judges were allowed to announce only the introductory and operative part of the verdict at the court session.

The procedure for holding court sessions of the first instance via videoconference is also prescribed. In a remote format, it will be possible to hold a meeting to choose a preventive measure for the detainee. The judge himself, the defendant, and his lawyers can ask for a similar format of the meeting.

Confiscation of trucks for illegal landfills

In Russia, from January 1, 2023, it was allowed to record on photos and videos the dumping of garbage from motorcycles, trucks in the wrong places. Cases will be initiated against violators, and they will also face confiscation of the vehicle.

The initiator of the bill was the authorities of the Moscow region, who suffer from landfills along roads and in the forest. Fines for ordinary citizens who throw garbage in the wrong places were raised in the summer of 2022.

With photo and video recording of the driver’s violation, as well as if he cannot prove that he was not driving, he will have to pay a large fine – up to 120 thousand rubles (from a legal entity).

Ministers in the regions will report on attempts of bribery

From January 1, 2023 in Russia, officials of the constituent entities of the Russian Federation will be required to inform the management of an attempt to bribe. Those who report an attempted corruption crime are promised state protection.

Apartment owners will find out who is registered with them

From January 1, 2023 in Russia, the owners of residential premises will be able to obtain data on those who are registered in their houses, apartments – permanently or temporarily.

According to the old laws, the owner can rent out his premises to citizens or organizations, but he cannot know who is registered there if the registered have not given consent.  As soon as the request for registration was received by the police, they passed the request to the registered person and he had to give consent.

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Housing transactions became a dangerous event – it was impossible to find out who was registered in the apartment. There were also problems when receiving an inheritance.

As Topnews wrote earlier, in October 2022, a bill was submitted to the State Duma, according to which it was proposed to exempt those who did not serve from mobilization.

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Putin allowed unfriendly countries to pay the debt for gas in currency

Putin allowed unfriendly countries to pay gas debt in currency

The decree on this was signed by Russian President Vladimir Putin.

Russian President Vladimir Putin has signed a decree allowing Russian gas suppliers for unfriendly countries to accept payment of debts for fuel supplies in foreign currency.

The amendments were included in the Decree “On the Special Procedure for the Fulfillment of Obligations by Foreign Buyers to Russian Natural Gas Suppliers ”.

As reported in the document posted on the legal information portal, a special account will be created to accept settlements.

It will be opened in foreign currency, which was previously specified in the contract for the supply of fuel – natural gas.

At the same time, the fact of accepting payments in foreign currency will not be the basis for changing the payment procedure, which requires paying for gas supplies in rubles. And it is not a reason to renew contracts on the old terms.

Recall that the introduction of ruble payments was approved in Russia in March 2022 and came into force in April.

The conditions affected states unfriendly to Russia, which expressed disagreement with Russia’s actions in Ukraine.

After the introduction of new conditions, a number of them refused Russian fuel.

However, already in June of this year, as reported by ROFILE.RU, most of Gazprom’s customers have switched to the ruble payment scheme.

Earlier, Topnews wrote that in early December, Uzbekistan rejected the idea of a gas deal with Russia and Kazakhstan.

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Bloomberg: Elon Musk became the first person to lose $200 billion

Bloomberg: Elon Musk became the first person to lose $200 billion

The publication reports how the leading manufacturer of electric vehicles is experiencing the end of 2022.

Bloomberg reported that billionaire Elon Musk became the first person in history to lose $200 billion.

The reason for such a drop in the American’s fortune, the publication calls a sharp decline in the value of shares of the Tesla car manufacturing company. So, Musk lost $85 billion of the company’s capitalization in a week.

It is known that the maximum of Elon Musk’s fortune was $ 340 billion, it peaked on November 21 last year. Now it is $137 billion.

According to the calculations of the agency’s analysts, in the last days of December, Tesla lost $ 85 billion in price, and the level of the company’s market capitalization dropped to $ 390 billion.

During 2022, the firm’s price has tripled, from $1.2 trillion in January. Analysts attribute this to the intention to sell part of the company’s shares to Musk, who did it for the purchase of the social network Twitter.

The second factor was anxiety and doubts about the future of electric vehicles on the part of investors who felt that Musk was not paying enough attention to the business, although competition was growing.

Recall that the sale of shares, including 22 million, was carried out by Musk in mid-December. The price ranged from $156 to $176 apiece, and the total revenue was $3.6 billion.

In addition, on December 22, Tesla shares fell to $129 when the company offered discounts of $7,500 on Model 3 and Model Y electric cars. Musk eventually said that he would not sell shares for two years until the recession period ends in 2023, according to RBC,

Elon Musk took second place with a fortune of $146 billion, losing the leading position to the head of LVMH Bernard Arnault and his family ($179 billion) according to Forbes.

Earlier, Topnews wrote that Elon Musk summed up the results of the survey on leaving the post of head of Twitter.

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Russians will be obliged to pay tax on deposits by the end of 2023

Russians will be obliged to pay tax on deposits by the end of 2023

“Izvestia” found out how the new gratuitous fee will be calculated.

Russians in the new year, 2023, will have to pay tax on income from deposits for the first time.

Thus, interest income in the amount of 75,000 per year will fall under the new gratuitous payment. The condition will be the key rate, which should not exceed 7.5% as at the moment.

As “Izvestia” writes, the tax will be levied at the rate of 13%, and charged depending on the key rate. The calculation of the maximum interest income that will not be taxed will also change.

Previously, in order to calculate its amount, it was necessary to multiply 1 million rubles by the level of the key rate at the beginning of the year. Now, when calculating the key rate indicator, it will be taken into account for the entire year.

As a result, according to experts of the publication, Russians will pay for the income received in 2023 until December 2024.

The second change: when calculating the tax, not the amount of deposits will be taken into account, but only the income received by the citizen.

Recall that the initiator of the new tax in 2020 was the President of the Russian Federation Vladimir Putin. The first payment of the new tax was supposed to take place this year, but the authorities exempted Russians from paying against the background of the current economic situation.

As Topnews wrote in January of this year, the deposit tax will affect Russians with deposits of 700,000 rubles.

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Foreign Affairs: Russia and China put an end to the era of US economic sanctions

Foreign Affairs: Russia and China put an end to the era of US economic sanctions

The publication reported how the favorite instrument of the USA was leveled.

The authors of the American edition of Foreign Affairs, after analyzing the results of US sanctions against Russia and China, stated that the latter had won over the favorite tool of the United States.

According to Agatha Demare, Director of Global forecasting at the Economist Intelligence Unit international research Center in London, the US has lost its favorite economic weapon in the economic war, and the era of sanctions is coming to an end.

She called the reason “permissiveness”, which was demonstrated by the US authorities in using these “punitive measures ”. According to Demare, she “caused the resistance of the world ”.

To prove her point of view, she cited three convincing responses from Beijing and Moscow to Washington’s sanctions.

First of all, they included the creation of bilateral currency swaps. So China and Russia were able not to use the US dollar in the calculations.

The second was the appearance of non-Western payment systems. China has its own alternative version of SWIFT CIPS, which is already used by over 1,300 banks from more than a hundred countries. Both Russia and China will have a worthy response to sanctions in this area, the analyst believes.

The third measure Demare called the introduction of a digital currency, which is protected from sanctions. She explained that Washington cannot restrict the use of virtual means of payment, which are issued by credit institutions of other countries.

China has become a leader in this field, the digital yuan is already used by over 300 million residents of the country in twenty cities, including the megacities of Beijing, Shanghai and Shenzhen.

Demare, analyzing what happened, points out that the fact that the United States followed only its own interests in the measures, using restrictive measures as a weapon, caused a protest from the world community, and the US dollar was deleted from the monetary exchange of the two countries.

Earlier, Topnews wrote that Russian President Vladimir Putin told a joke about Western sanctions against Russia.

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