Now it’s very interesting. This means that the airlines have the technical ability to make payments, and it is legal. Moreover, it is completely legal. Emirates flies all over the globe, from Sydney to Los Angeles. They would not risk all the others for one direction if they were not completely sure that they would not have problems. Maybe we should return to the conversation about the return of money for the missing tickets of the Russians? Due to the fact that Visa and MasterCard were no longer served in the country, a number of airlines, in particular the entire Lufthansa Group, as well as Booking, Airbnb and a number of other companies, refused to return money or returned it with bonuses that are meaningless in the new reality. Then it seemed logical, there are no international payment systems. Now it doesn’t seem to. @nebrexnya
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@nebrexnya experts especially for @kremlin_mother_expert TOP 5 market news ???? FX Market Brazil and China have reached an agreement on yuan trading and announced the creation of a clearing house that will provide settlements without the use of the US dollar. Considering the problems with the American banking system, which have arisen precisely because of Treasuries, de-dollarization looks like a reasonable policy, at least today. But the share of the American currency in world settlements is only growing. In February 2023, it was 41.1%, an increase of 3% over the year. Yuan slightly reduced its share, from 2.23% to 2.19% in a year. ???? Stock Market Russians are less interested in financial investments, Russian Finance Minister Anton Siluanov said at a meeting between the president and the government. “So to speak, the situation is clear, interest is declining,” the minister explained. What a surprise… Now the department of Anton Siluanov is going to attract to the stock market the money that the population keeps in bank accounts. ???? Stock market The Russian stock market is growing. Investors expect the resumption of dividend payments from Russian companies. The Moscow Exchange index exceeded 2400 points for the first time since the end of September last year, which closed the “mobilization” collapse. ???? Commodities Swiss-Dutch energy trader Vitol made about $15 billion in profit in 2022 – about 5 times more than in previous years. Excellent financial performance in a major energy crisis. ???? Cryptocurrency market The State Duma plans to create a national crypto exchange. Federal State Unitary Enterprise NPO RosGosKriptoInvest (or whatever they call it) is supposed to be opened on the basis of one of the state-owned banks. At the same time, there is no talk about the legalization of cryptocurrencies as a means of payment.
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#There is an Opinion Maxim Chernega, Head of DCM of the Corporate Finance Department at Tsifra Broker, specifically for #Nebrekhni — about the bond market in the first quarter of 2023: Unlike the Russian stock market, which grew by 14% in the first quarter (the main growth occurred in March ), the Russian debt market cannot boast of significant achievements. Since the beginning of the year, OFZ yields have risen by 40 bp, with the bulk of the growth occurring at the long end of the curve, and the main intrigue of the first quarter was the comments of the Bank of Russia (on monetary policy plans). As a result, comments remained vague while maintaining the key rate at 7.5%. The Ministry of Finance did not fulfill its own plan to raise debt: instead of the declared 800 billion rubles, OFZs for 738.43 billion rubles were placed on the open market (hereinafter, Cbonds data). Yields on bonds with a high credit rating rose by 15 bp. and there was no intrigue at all. The trend towards high volumes of placements continued (1,226.71 billion rubles at the end of the quarter. However, it should not be discounted that certain distortions in the dynamics of placements are introduced by “substitute bonds” (about 500 billion in ruble equivalent). As for high-yield bonds ( VDO), they continued to reduce the size of the premium to their high-level counterparts: the yield decreased by 50 bp and at the end of the quarter was slightly above 13% on average for the segment. to the market. @nebrexnya
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HSE experts to present more than 20 analytical reports at the Yasinsk conference From 4 to 14 April, the XXIV Yasinsk (April) international scientific conference on the problems of economic and social development within the framework of the Decade of Science and Technology will be held at the HSE. The conference will be attended by leading scientists and experts, business representatives and civil servants. HSE experts will present more than 20 analytical reports at the conference. Among the topics are the digital transformation of the economy and society, sustainable development, adaptation to sanctions, the introduction of artificial intelligence, trends in the labor market, new educational models, and much more. The full program of the Yasinsk International Conference can be found here
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TOP 5 stocks that fell in March 5th place: Moscow Exchange -2.43% In February, half a million new investors appeared on the Moscow Exchange. There are 24 million of them in total, but only 10% are active. At the same time, 81% of transactions are made by individuals. We are waiting for the numbers for March. The Moscow Exchange is now an experiment on how the market behaves, from which institutional investors have practically been kicked out. 4th place: NKHP -2.53% Novorossiysk Bakery Plant performs a ritual on duty for the third echelon – sausages. Technically, it looks like a correction, and then a growth. But it is affected by grain prices – the company owns three elevators with a total storage capacity of 250 thousand tons, and a port with a transshipment complex capacity of 2 thousand tons of grain per hour. So we are monitoring the execution of the grain deal. 3rd place: Yandex -3.24% Now the company is trading in the region of annual revenue. Actually, it’s cheap. But the risks are also extremely high. We need to wait for a clear configuration of asset separation. In addition, at the most inopportune moment, another package of sanctions may strike. 2nd place: TGK-2 -4.31% Falling on the news. TGC-2 reduced its net profit in 2022 by 2.8 times. Revenue decreased by 2.4% to 41.86 billion rubles. 1st place: Rusgrain -6.36% Gradually growing with huge peaks and powerful corrections. Now is one of them. @nebrexnya
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Not that Siluanov surprised anyone with his statement about the decline in oil and gas revenues. Price falls, markets shrink, production shrinks, discount remains. If incomes grew under such conditions, it would be worth sending exorcists to the Ministry of Finance. True, Siluanov did report on some additional income in the amount of 2.5 trillion rubles, but did not specify where they came from. And this would be interesting, because 2.5 trillion is a tenth of, in principle, all budget revenues of the Russian Federation for 2023, planned at the level of 26.13 trillion. Probably, the minister made a reservation and we are talking about getting simple income, not additional. Or have the collections of tax arrears intensified? In general, for the depletion of reserves and the budget collapse this year, the price of Urals in the region of $30 per barrel is needed. As long as it is trading at $40-50 as it is now, Russia has time to spare. The cost of Russian oil is now set by Asian buyers, led by China and India. So, in fact, the key to the Russian budget now lies in Beijing: if “dear friend” Xi Jinping says that Urals now costs $10 per barrel, he will not be able to object. Therefore, India pays for oil in rupees, which, for a number of reasons, turn into candy wrappers in the Russian economy. @nebrexnya
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Top regional events All the money flows to Moscow, but is “made” in the regions. My colleagues and I have prepared a selection of iconic regional events from the new reality this week. The rotunda focuses on the fact that the restaurant where the military commander Vladlen Tatarsky died in the explosion belonged to Yevgeny Prigozhin. It hosted “discussion clubs” of the Cyberfront Z movement. Prigozhin himself said that the restaurant belongs to his Concord company, and Cyberfront called it “cool guys.” Prigozhin has not yet commented on the fact of the explosion in his restaurant. Coala is surprised by the specifics of the organization of heat supply in the village of Mamy, Irkutsk region. The FAS department for the region revealed an anti-competitive agreement for the purchase of coal in the village for 476 million rubles. An agreement was concluded between the administration of the village and three private firms: Teploresurs and its two contractors inflated coal prices. And a month ago, a criminal case was initiated against the director of Teploresurs because of fraud with fuel subsidies for 80 million. Shaw, again? rejoices at the idea of the senators proposed a cargo ferry service and resume passenger traffic along the Sea of Azov with the ports of Berdyansk and Mariupol. This is necessary to avoid a transport collapse and create transport corridors to Crimea. Kavkaz.Realii introduces the public to the public procurement of the Sochi sanatorium by the Presidential Administration. He intends to buy groceries and sauces for 16.2 million. The list of products includes lime leaves, dry bechamel sauce, cuttlefish ink and real truffles. Accents of the North called the governor of Khanty-Mansi Autonomous Okrug Natalya Komarova the queen of long-term construction because of the ghost school. The school in Nizhnevartovsk was supposed to be commissioned last year, and construction has not even begun yet. The mayor’s office does not pull an ordinary project, so it was proposed to give it to the most reliable hands – the authorities of the region. Komarova nodded. And I forgot – in Khanty-Mansi Autonomous Okrug there are 2,000 unfinished construction projects. This is more than in Moscow. @nebrexnya