Russia’s external public debt decreased for the first time in three years In 2022, the volume of Russia’s external public debt decreased for the first time in three years and amounted to 4.039 trillion rubles. @banksta
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At the GenDir School today you can get free access for 3 days to a full-fledged practical online MBA Intensive course. Even in 3 days, you can take lessons completely free of charge and improve your skills and understanding of many business processes. Leave a request for access to the link.
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Russia is increasing the number of tankers for oil transportation, reports CNN. According to the channel, from 25 to 35 ships enter the shadow fleet every month. Russian offshore oil exports proved resilient in February despite new EU restrictions. According to Kpler, Russia exported an average of 7.32 million barrels per day of crude oil and petroleum products. This is in line with shipments in December and only 9% below the historic high reached in January. @banksta
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⚡️On March 6 at 17:00 (Moscow time), experts from the Relocation and Overseas Real Estate channel will broadcast online “Grenada citizenship: the last chance to get a passport!” ????????The Government of Grenada plans to suspend the acceptance of applications from citizens of the Russian Federation. Already on Monday, our experts will tell you how to manage to get one of the most popular passports, opening up wide opportunities for your family. ❗️ Registration is required. A link to watch the webinar will be sent to your contacts one day before the event ➡️ Register ❗️ Benefits of Grenada citizenship: • Freedom of movement around the world (more than 180 countries without visas, including the European Union) • Ability to open foreign accounts • Real estate can be sold after 5 years, keeping the second passport • Spouse, children, parents, grandparents, siblings can be included in the application • Citizenship is inherited • The procedure for applying for a passport is fully translated online • E-2 US visa (not available for Russian citizens) ➡️ Register ????In the program: • When Grenada plans to suspend the citizenship program for citizens of the Russian Federation • What are the main conditions to be met in order to have time to apply for a passport • Benefits of the Grenada citizenship program • Which investment option to choose • Comments from the developer of a 5* hotel in Grenada • Lawyer’s comments – how to prepare a package of documents for applying for citizenship ➡️ Zaregis practice for online broadcast #Caribbean #Grenada @relocationexpert
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Russian oligarchs rely on the same wealth management firms from Cyprus, Switzerland, Gibraltar, according to a PNAS Nexus study. Among them are Gennady Timchenko, Markom of the Rotenberg brothers, Alexander Ponomarenko, Alexei Mordashev, Suleiman Kerimov. @banksta
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Russian offshore oil exports proved resilient in February despite new EU restrictions. According to Kpler, Russia exported an average of 7.32 million barrels per day of crude oil and petroleum products. This is in line with shipments in December and only 9% below the historic high reached in January. @banksta
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????????Russian stock market. 15% per annum. Top notch asset management. What are we talking about? BCS World of Investments has launched a new auto-following strategy on the Fintarget platform, which is focused on the shares of Russian companies – “Absolute Profitability Start” What are they investing in? Favorites of the Russian stock market – with the highest growth potential. How do they protect? The strategy provides for operations with futures and access to cash – in a situation of increased uncertainty. How much can you earn? Yield target – from 15% per annum. The entry threshold is only 300 thousand, and the investment period is from 2 years ???? You can connect the strategy on the Fintarget website and in the BCS World of Investments application! You definitely need to read about it – here.
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The Russians were advised to prepare for tax increases because of the “hole” in the budget. Spending and falling commodity revenues may force the Russian government to raise taxes in 2024, Expert RA predicts. Drawn up with a deficit of 3 trillion rubles, already in January the budget spent 1.8 trillion rubles more than it collected in the form of tax revenues. Oil and gas revenues sank by half, VAT collections – by 44%, and export revenues from the Federal Customs Service – by almost four times. To attract additional money to the treasury, the government announced a one-time fee from large businesses for 300 billion rubles. And although this money “will help make the situation more manageable,” it “will not save the budget,” Anton Tabakh, an economist at Expert RA, believes. @banksta
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Sber began to provide acquiring services in the Crimea and Sevastopol – at the bank’s terminals in retail outlets in the region, you can now pay with cards or using QR payments. The bank is also launching a service for corporate clients on the territory of the peninsula – before the appearance of offices, managers will travel to such clients. However, according to the first deputy chairman of the board of Sber Alexander Vedyakhin, offices will appear in the near future: “We provide entrepreneurs from this region with our most demanded products and services. And in the coming months, we will open the first offices on the peninsula to serve all categories of customers,” Vedyakhin emphasized. @banksta
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In Russia, 5.2 million borrowers had more than three loans as of July 2022, their number has increased by 5.4% since January this year. Oleg Lagutkin, General Director of the Scoring Bureau credit history bureau, said that at the end of 2022, it turned out that four or more active loans were issued for every seventh borrower. The share of such clients increased from 11.6% to 13.8%. @banksta
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✈️ Priority Pass and LoungeKey are not available, but we know how you can get access to 1300 airport lounges 2 times a month at no extra cost. Apply for a Mir Supreme card at Expobank and get 24 Dragon Pass passes per year without additional conditions. And cashback in rubles for all purchases!* ????Mir Supreme from Expobank is a card for people who know the value of money and their time. All in all, a nice card in every way. You can get one at any branch of Expobank. *All details here.
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The Ministry of Finance assessed the dependence of the ruble exchange rate on the budget rule. Without the budget rule and foreign exchange operations of the Central Bank within its framework, an increase in oil prices would sharply strengthen the ruble, and vice versa, the ministry believes. According to the calculations of the Ministry of Finance, without the rule, if the cost of Urals is from $30 to $100 per barrel, the equilibrium exchange rate of the dollar would be from 100 to 40 rubles, and with it it fluctuates in the range from 84 to 72 rubles. @banksta
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???? The onset of spring and the approaching holidays – we counted at least two reasons to improve the mood of ourselves and loved ones over dinner at one of the best restaurants in Moscow Novikov Group “AIST”. ????Together with the brand chef of the AIST restaurant Mirko Dzago and the chef of the premium haute cuisine restaurant MAYRVEDA KITCHEN, Igor Serbin, we have developed a special author’s menu that will be valid throughout Lent from February 27 to April 6. By the way, for Alfa Capital clients there is a discount on all items of the Lenten menu. To get it, contact your investment advisor or write to the chat in the ???? ???? Our partnership with Novikov Group will continue throughout 2023. Wait for new messages about joint projects!
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In Russia, the Bitzlato crypto exchange has resumed its work, most of the creators of which have been arrested in the United States for laundering money from “Russian hackers” and circumventing sanctions through crypto. From March 1, customers can withdraw previously frozen funds, and from April 1, a P2P platform will reopen, where users can change rubles from Russian cards to crypto and vice versa. @banksta
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The mortgage boom killed rent. Who else pays for someone else’s apartment? Let’s be honest: good apartments in Moscow are rented from 100,000 rubles a month. A monthly mortgage payment of 3% for an apartment in the region of 15-20 million – will be about 85 thousand rubles. Developers, together with banks, hold sales launches and sell closed stocks among the “chosen ones” in a matter of days. Therefore, the cream goes to those who know where to look. Google search bar won’t help. There are better places. On the channel «Whitewill | Moscow Real Estate” publishes news about discounts on apartments, seasonal promotions and sales starts with minimum prices. Only the latest news about new buildings and the best resale deals. There you will learn not only about discounts up to 30% in Level Group projects, but also about life hacks for investors and the best areas for family life. We advise you to go to the channel and scroll through the feed – and there the hand itself will click on “Subscribe”.
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Elvira Nabiullina believes that the profit of Russian banks in 2023 may exceed 1 trillion rubles. This was stated by the head of the Central Bank at the annual meeting of credit institutions with the Bank of Russia. “The preliminary, perhaps somewhere conservative, forecast for the sector’s profit in 2023 is more than 1 trillion rubles. This is lower than in 2021 (more than 2 trillion rubles), because the cost of reserves will still be quite high given the maturation of problems and the lifting of easing this year,” she said. According to her, the banking sector lost 400 billion rubles in 2022 due to exchange rate volatility and the inability to hedge currency risks. The profit of banks in 2022 fell sharply – to 200 billion rubles from 2.4 trillion rubles in 2021. @banksta
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Ilya Sachkov proposes to involve cybersecurity experts in the Central Bank’s project to introduce the digital ruble. The main thing is to do everything wisely and safely. How to ensure protection when using digital currency, Ilya Sachkov, founder of Group-IB, the strongest private company in the Russian Federation engaged in the fight against cybercrime and the development of technologies to prevent cyber attacks, told in his TG channel. The Central Bank recently announced the pilot launch of the digital ruble. The founder of Group-IB believes that the project will help make financial flows more controllable and transparent, and most importantly, secure. However, this requires the involvement of cybersecurity experts at all stages of designing, piloting and implementing a digital Russian currency. “The Central Bank should provide not only attacks on the architecture, the presence of vulnerabilities in the code, but also attacks on users, including those who are not at all sophisticated in the digital world,” Sachkov notes.
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The story with the suspicion of the Russian Auchan, Leroy Merlin and Decathlon in tax fraud continued. The first deputy chairman of the State Duma Committee on Security and Anti-Corruption Andrei Lugovoy, who initiated the check of networks for money laundering, specified that he had applied not only to the Ministry of Finance, but also to the FSB. According to him, “Auchan” applies “tax optimization, which is illegal.” Along the way, it turned out that Leroy Merlin in Russia also underestimated the tax base, withdrawing money through loans. For example, in 2020, the company’s profit before taxes amounted to 7.5 billion rubles, and accounts payable – 95.7 billion rubles. Retail chains are the business of the French relatives of Mulier. Companies are registered and pay taxes in France, the Netherlands and Luxembourg, where hundreds of billions earned in Russia go. Including with this money, the same France is arming the Armed Forces of Ukraine. True, it turned out that in their homeland, Mulliers are considered malicious tax evaders and scammers. So checking their activities can be much larger. @banksta
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Swiss prosecutors have demanded the jailing of four bankers of the local “daughter” of Gazprombank, including CEO Roman Abdulin, writes the Financial Times. They are accused of helping to hide tens of millions of francs by allowing accounts to be opened in Switzerland on behalf of cellist Sergei Roldugin without verifying the origin of the funds. @banksta
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Yandex Browser for companies received an extended version. It has a personal account for administration, dedicated technical support and additional security resources, among them – protection from trackers and a ban on sending statistics outside the company. @banksta
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The Bank of Russia advocates maintaining corporate governance standards in banks with shareholders from “unfriendly” countries: the votes of such co-owners cannot be ignored when making corporate decisions, said Elvira Nabiullina, Chairman of the Central Bank. “Attempts to deprive shareholders who participate in the management of the bank only because their position may not coincide with a number of other shareholders seem wrong to me,” Nabiullina emphasized. @banksta
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Billion! How many? Yes, Tochka customers received a billion rubles in the form of cashback under the loyalty program for 2022. The figure impressed us ourselves, so we decided to share it with you. And here is another figure – 500 million rubles. That is how much Tochka customers saved in 2022 thanks to various affiliate programs. Become a Tochka client and get bonuses from the bank.
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Russian men began to take microloans for cosmetics and flowers by March 8th. The average loan amount was 7.4 thousand rubles, which is 25% less than a year earlier, according to Moneyman. Men spend loans mainly on perfumes, cosmetics, flowers, gift certificates and jewelry. @banksta
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????Analysts at SberCIB Investment Research do not see any threats to the stability of the ruble and predict its return to the rate of 72 rubles per dollar by the end of the year. Sber experts note that the ruble will be supported by an increase in global oil prices, a reduction in discounts for Russian oil, the budget rule of the Ministry of Finance and inflation targeting by the Bank of Russia. Against the background of their forecast, the statement of Ingosstrakh Investments macroeconomist Anton Prokudin about the dollar exchange rate of 200 rubles by 2025 (100 rubles per dollar in 2024) does not inspire serious confidence. It must be admitted that the forecast of SberCIB experts is more than justified. @banksta
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Inflation in the Eurozone fell to 8.5% in February from 8.6% in January, writes CNBC. Analysts polled by the Wall Street Journal had expected inflation to fall to 8.2% in February. @banksta
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India buys Russian oil at prices well below the price ceiling of $60 per barrel. It is reported by Bloomberg, citing senior US officials. Washington is constantly discussing with New Delhi India’s purchases of Russian oil. @banksta
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Are you an entrepreneur and not yet in Sberbank? Then this great news is for you???? Banksters from Sber created a service for individual entrepreneurs directly in the Sber mobile application for individuals. ????Any entrepreneur can now find out the loan amount available to him for business development – in the Sberbank application for individuals. Yes, yes, for individuals. ☝???? and for this you do not need to fill out any applications, contact the bank. ✌????Just go to the app, find “Business potential” there and click to calculate the credit potential for your business. ???????? And no – this does not oblige you to anything, but it helps to see the potential available resource. ????????But so that you have no doubts – a bonus: after the calculation, you can get a loan at a rate reduced by 3 percentage points! ✔️The service is available 24/7. Sberbank is convenient and simple not only for individuals. Convenient for everyone. If in doubt, come and check. By the way, the new version of the online bank for iOS can be updated at the bank branches.
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Russian business has problems paying taxes. Debts for 2022 increased immediately by 20% – Rosstat. VAT debts jumped by 40%. VAT is the second largest source for filling the federal budget. @banksta
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Finnish companies have lost about €4 billion due to the withdrawal from Russia, writes Helsingin Sanomat. Energy company Fortum lost the most money — €1.7 billion. @banksta
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The Central Bank of the Russian Federation resumed printing banknotes in denominations of 5 and 10 rubles of the 1997 model, they are already in circulation in a number of constituent entities of the Russian Federation – Deputy Chairman of the Bank of Russia Sergey Belov. @banksta
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Sanctions by Western countries on 14 Russian banks did not cause new shocks and risks, since they were already ready for restrictions – Nabiullina. Banks are expected to profit up to 1.5 trillion rubles. @banksta
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The IRS is developing an algorithm that will increase tax audits for whites and Asians in order to increase “racial equality”. This project is backed by the Biden administration. @banksta
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China warns banksters to stick to the Communist Party line. To do this, they were asked to give up their love of luxury and stop copying the Western way of life. @banksta
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According to Rosstat, as of January 1, 2023, the total debt of Russian companies in taxes, fees, insurance premiums and penalties reached 2.53 trillion rubles. Over the year, business debts increased by 541 billion rubles, or 27%. VAT debt, the second key source of money for the federal budget, increased by 40% over the year, or 286 billion rubles. As of January 1, it reached 1.019 trillion rubles. Income tax debts increased by 46% and reached 469.5 billion rubles. The debt of commodity companies on the tax on the extraction of minerals jumped 3.2 times: as of January 1, it was 130.6 billion rubles, and at the beginning of 2022 – 39.8 billion rubles. @banksta