Another compilation of news from a country that is not affected by sanctions and the loss of markets will not affect the economy in any way
- MOSCOW, June 30 (Reuters) - The Russian Finance Ministry plans to place ruble-denominated bonds worth 1 trillion rubles at face value in the third quarter, the ministry said.
In the second quarter of 2023, the Finance Ministry has already attracted almost 836 billion rubles at the expense of OFZs. In mid-June, Finance Minister Anton Siluanov lamented that the state banks, which had become the main buyers of Russian ruble bonds after non-residents left due to sanctions, have recently been reluctant to buy OFZs.
Borrowing on the market of ruble-denominated government debt is one of the main sources of repayment of the RF budget deficit, which amounted to 3.3 trillion rubles, or 2.3% of GDP at the end of last year
- The ruble, which has fallen to a multimonth low, is losing 10% in June and 15% in Q2
- Gazprom shareholders approve decision not to pay dividends for 22
They recently decided not to pay for 2021, now for 2022. The official reason is the concern's income is falling due to a sharp decrease in gas exports to Europe. Gazprom's IFRS net profit in 2022 fell 41% to 1.226 trillion rubles.
Reuters calculates that the company made a net loss of 1.27 trillion rubles in the second half of last year, which ate up half of Gazprom's profits for the first half of the year.
- Reuters. West Siberian crude prices on the Russian market rose by an average of 2,500 rubles to 34,300-34,500 rubles per tonne in July trading volumes against a collapse in the ruble-dollar exchange rate, Reuters monitoring showed. They rose in RUR, because the RUR has collapsed. But presented as "Russian oil shows steady growth, Western sanctions have not affected"
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And then we move on to the derivatives of "greatness," namely russia's technological backwardness.
- Russians will be allowed to dramatically increase the price of communications due to degradation of networks!
The strategy for the industry until 2035 states that Russia's lagging behind in terms of fixed network speed in the world rankings is getting worse, providers' revenues are stagnating.
This means that the great country, claiming to have the most powerful potential, can neither buy nor produce BS for mobile networks. Where is the help from "big brother" China?
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- Degradation of the space industry of the USSR of Russia shows new "peaks": Roscosmos offered African countries to build an orbital station together ! Before that, let me remind you - Russia's partner in the development of space programs was the country of... attention... drumroll... Zimbabwe !