In May, India’s oil imports from Russia averaged 1.96 million barrels per day, setting a record for the eighth consecutive month. Nikkei Asia reports that India has been able to purchase Russian oil at an average price of $83 per barrel, lower than other suppliers, and that the inflow of Russian oil has positively affected its trade balance and diversified supplies. As a result, India became the main supplier to the European oil trading center, the Netherlands. @banksta
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In the Chinese city of Yiwu, home to the world’s largest wholesale market for small industrial goods, sock exporter John Zhu is encouraged by a growing number of Russian merchants willing to pay their bills in yuan. “Russia’s break with the West leaves the country no choice but to rely on the yuan to keep its economy afloat,” Zhu said, noting that customers in Moscow were sending yuan payments through China’s WeChat app. Yiwu has been nicknamed China’s Trinket City, the center of a multi-billion dollar trade in everything from Christmas decorations to toys, from umbrellas to pencils. Since 2019, Yiwu has experienced a five-fold increase in annual yuan trade settlements to about 56.5 billion yuan (US$8 billion), according to official statistics. This far exceeds the national average, which has increased by more than 80% over the same period. @banksta
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Attracting convicts to work can increase the labor force in Russia by 150-185 thousand people, calculated at the Financial University under the Government and the Moscow Financial and Law University (MFLA). @banksta
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The Ministry of Construction of Russia proposed to launch a 50% compensation program for rented housing for people under 35 years old. The subsidy can be obtained in case of accumulation of the first installment on a mortgage for an apartment in a new building. @banksta
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In Europe, LNG has become more popular than pipeline gas for the first time. The share of Russian supplies in EU pipeline imports fell to 15%. Gas consumption in the EU in January-May fell by 10% to 161 billion cubic meters. m. @banksta
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Sergey Karshkov, one of the founders of the 1xBet bookmaker banned in Russia, has died in Switzerland. The dollar millionaire and ex-head of the “K” department for combating cyber crimes of the Bryansk police was put on the international wanted list and lived in Cyprus. 42-year-old Karshkov died in a clinic in Switzerland while undergoing a routine medical examination. The cause of death was allegedly an allergic reaction to MRI contrast fluid. After its introduction, according to media reports, the health-conscious millionaire fell into a coma and died. @banksta
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Biden called Chinese President Xi a dictator the day after US Secretary of State Blinken’s visit to Beijing ended. On which the parties made progress in the negotiations. Chinese Foreign Ministry protested @banksta
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Banks and brokers from friendly countries may in the near future be allowed to participate in organized foreign exchange trading in Russia. Attracting new financial institutions could boost the liquidity of currencies like the Turkish lira, UAE dirham, Indian rupee and more. @banksta
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Raiffeisenbank introduces restrictions on outgoing payments in euros from 3 July. It will be impossible to make payments to Azerbaijan, Armenia, Belarus, Georgia, Jordan, Kazakhstan, Kyrgyzstan, Moldova, UAE, Tajikistan, Turkmenistan, Uzbekistan. The changes will affect individuals, individual entrepreneurs and legal entities. @banksta
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The wife of former Deputy Prime Minister Arkady Dvorkovich Zumrud Rustamov became a co-owner of one of the Russian structures of the Czech PPF Group. In the spring of this year, Rustamova received 25% in Specialized Developer Delta Com LLC, found a reinforced concrete plant in the SPARK-Interfax database. Previously, Delta Com belonged to the Czech PPF Group, which announced its withdrawal from the Russian market a year ago. This structure was the developer of the Homecity residential complex on Kievskoe shosse in New Moscow. @banksta
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The Trust’s stand at SPIEF was a delight this year. The guys pulled away. They say they were inspired by the aesthetics of Kubrick’s A Space Odyssey. ????Futuristic design. The stand itself looked like a spaceship. Clearly a hint at extending the life of the BNA until 2027. ???? Bold video concept. “Trust” declared itself the diamond of the banking system, the hardest stone, and stood on a par with “Sberbank” – emerald and VTB sapphire (in terms of color). Why not? I remember that in 2018 there were scattered assets on the balance sheet of the BNA, and no one knew whether space would come out of this chaos. Today, Trust is fulfilling its goals regardless of the pandemic and other external challenges and has already doubled the value of assets on its balance sheet. The space has worked out well. Wow! ????
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Infogypsy Elena Blinovskaya stated in court that she fully admitted her guilt in the case of non-payment of 918 million rubles. taxes. At a meeting to extend the preventive measure, it became known that Blinovskaya paid 30 million rubles. unpaid taxes. She has 35 accounts frozen. She burst into tears at the trial, but the judge extended the house arrest until July 26. @banksta
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The bailiffs withdrew all the money from the accounts of the Russian “daughter” of Google, follows from the company’s statements. Last year, the FSSP wrote off more than 10 billion rubles from the accounts of Google LLC. @banksta
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Banki.ru now has the opportunity to design its own marketplace products. The first of these was the “Decent Interest” deposit, which can be opened without a visit to the bank’s office. When placing for 91 days, the rate will be 9.25% per annum, taking into account the capitalization of interest, for 181 days – 9% per annum. A deposit can be opened in the amount of 50 thousand to 1.3 million rubles. After the expiration of the term, the money can be transferred to your account at any bank, or you can open a new deposit. Banki.ru has extensive experience in working with financial products, so the marketplace took into account all the needs of the client, making the deposit as profitable and convenient as possible. All processes – from registration to management are completely safe and controlled by regulatory authorities. The savings are insured by the DIA and placed with KUB Bank (Gazprombank Group). For registration, it is enough to submit an application on the Banki.ru website, after which a representative of the financial platform will arrive at a convenient time and place. More than a thousand users have already used the “Decent Interest” deposit.
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The number of mortgage transactions in the Moscow markets in January-May 2023 was a record for the entire history of observations. The Central Bank of the Russian Federation is concerned about mortgages, which are too “pumped up” by preferential and pseudo-preferential programs, Nabiullina said. @banksta
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Bloomberg learned about the EU’s refusal to confiscate Russia’s frozen assets. The EU is proposing to oblige companies that have received unexpected income from frozen Russian assets to make a “contingent contribution”. He, in turn, will be sent to the restoration of Ukraine. Kyiv is allegedly preparing an “honest” mechanism that will allow to confiscate up to $500 billion from Russian assets frozen in the West (despite the fact that 300 billion were confiscated), Ukrainian Prime Minister Shmyhal said. @banksta
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The website of the main banking Forum of Financial Innovations FinNext 2023, which will take place in a week, has published the final program. In it: ???? Cases of building digital sovereignty from market leaders: import-independent core banking systems, import substitution tools, private clouds, etc. ???? How to reuse the experience of Sberbank in the development of models???? Bank integration with ChatGPT ???? Practical experience of transactions with CFA and digital ruble. DFA development potential and opportunities for investors ???? DataDriven Approach to CX Improvement: What Data Types Can Help and How to Use Them???? Possibilities of text analytics and deep analysis of the received data for solving banking core-tasks ???? Practical experience of implementing generative AI in the internal and external processes of the bank???? Discussion of top managers about drivers, disruptors and possible new threats to the financial market???? and much more Speakers include Alexei Fetisov, Senior Vice President and Head of Retail Technological Development at VTB, Denis Dodon, Chief Innovation Officer at Alfa Bank, Maria, Executive Vice President and Head of Retail Ecosystem and Digital Partnerships at Gazprombank, and member of the VK Board of Directors Zybina, Dmitry Kolesnikov, Director for Development of Financial and Payment Services at Wildberries, Alexander Chernoshchekin, Senior Vice President and Head of the Block of Medium and Small Business at Promsvyazbank, Zaur Besolov, Director for Business Development at Yandex Fintech, and many others. Come on June 28 to the RBC Event Center in Moscow. Can you register???? link =tg_finnext2023_banksta_anons3
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Preferential mortgages lead to a budget deficit, since it will be necessary to allocate almost 172 billion rubles from the treasury for these programs, according to the Ministry of Finance. In 2022, the entire primary mortgage market consisted of preferential programs. @banksta
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There is a simple and understandable way to fill the budget. Raise duties on Western companies that bring their goods to us and take trillions of profits back. But the government is not looking for simple ways. And they came up with a new tax for our entrepreneurs. For those who persevered and showed profit in two difficult years. First, retroactive law simply does not have the right to exist. This is beyond legal logic and common sense. The money that they now want to withdraw has already been invested in conquering new markets. In new products and technologies, so needed now. And in people. Second, it’s time to prioritize. On the economic front, you need to beat strangers, not your own. We have already taken the first step with the Ministry of Industry and Trade. They raised duties on certain goods from Poland and the USA from 6% to 35%. And in five months they replenished the treasury by a billion rubles. You need to be more decisive. Then the 300 billion that the government is talking about is not the limit. It’s good that today we have companies ready to grow. There is no need to beat them on the hands, take money and discourage the desire to develop in Russia. That is why I voted against today. Like the rest of our faction.
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About two months ago, at a meeting with acquaintances, 40-year-old Dmitry heard that banks sometimes sell real estate at low prices. The man became interested in the topic. One of his acquaintances gave him the contact of Oleg Sergeevich, who could help with the acquisition of real estate. The negotiations took place in the negotiations of the branch of Sberbank on Cherepovetskaya street. Oleg Sergeevich kindly met Dmitry at the main entrance, after which he led him to the second floor to the negotiation room. There they agreed that when Dmitry had money to buy real estate, he would give it to Oleg. The money appeared on June 15th. Oleg Sergeevich also met Dmitry at the main entrance, went with him to the negotiation room and took more than a million rubles. Then Oleg Sergeevich said that he needed to go out – to count the cash and bring the documents. Dmitry did not see Oleg again. An hour later, when the man left the meeting room and asked the employees of Sberbank where Oleg Sergeevich could be found, they replied that this one did not work for them. Later it became clear: the scammer took advantage of the general meeting rooms, which are located in the client area and are free for visitors. The police were able to track down Oleg Sergeevich, whose real name is Yury Petrovich, in just a few days. The man was detained, a case of fraud on an especially large scale was opened against him. @banksta
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Sber held a presentation of its development project in Rublyovo-Arkhangelskoye. For half an hour they talked about why they decided to build the city of the future, how it will look and function. And what technologies are already being used in construction. For those who missed the broadcast, it is still available at the link. You can view apartments for sale in your personal account on the website.
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Petr Fiala’s government in the Czech Republic tried to confiscate money from Russian oligarchs and could not find a “justification”. For example, opposite Abramovich was just a link to an article in The Guardian newspaper. That’s all the foundation. @banksta
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The Central Bank of Armenia thought about introducing a limit on withdrawals for those who came (increasing the liquidity requirement for deposits of foreigners) against the backdrop of an unprecedented influx of non-resident funds last year. Last year, the influx of private transfers to Armenia set a record $5.2 billion, writes Forbes. @banksta
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Realist Bank received special permission from the President to purchase J&T Bank. The main shareholders of Realist Bank were recently under criminal investigation. These are the owners of IT distributor Merlion Alexey Abramov and Vladislav Mangutov and their former partner Oleg Karchev (transferred the share in September 2022). J&T Bank (Moscow) is owned 45.05% by Ivan Yakabovich, 45.05% by Josef Tkach and 9.9% by China through J&T Finance Group. @banksta
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The EU wants to introduce an analogue of the excess profit tax for firms with Russian assets. This is because the EU has failed to find a legal way to use the frozen Russian assets. After the introduction of the windfall contribution, such firms will be required to transfer a “significant amount” to the EU. @banksta
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Brokers Finam and Cifra will limit the withdrawal of the euro from July 3 due to the ban on Raiffeisenbank. The restriction does not apply to the withdrawal of funds in euros to accounts in Raiffeisenbank itself, as well as to transfers in other currencies. @banksta