To “reduce the influence of Russia in Europe”, the senators proposed to allocate US $1 billion for financing European energy projects. It is as certain in the Senate, will allow the EU to diversify energy
Photo: Andrew Harrer / Bloomberg
In the Senate of the US Congress a bipartisan bill, whose main purpose is to “combat Russian influence and assistance in ensuring the energy security” of Europe. Its authors are the Chairman of the Subcommittee on the foreign relations of the Senate of the USA on Europe and regional cooperation in the field of security, Republican Ron Johnson and a member of the same Subcommittee Democrat Chris Murphy. The message about the initiative is posted on the website Murphy.
The project is called “the law of the European energy security and diversification,” according to a press release, is intended to provide US with “new tools to combat the pernicious influence of Russia, and also to promote creation of new economic opportunities in the country and abroad.”
Russia, according to the report, “along with bribery, corruption and propaganda uses its dominance in the energy market to undermine Western institutions and to install [in Europe] more pliant pliant governments that cannot or do not want to confront Russia or its President Vladimir Putin”.
In the regions it is necessary to create a separate “development budgets” to Finance investments, said the Duma Committee on the Federal structure. But it is unclear how these funds, economists warn
Photo: Stanislav Zaburdaev / TASS
The state Duma Committee on Federal structure and local government proposed to establish in the regions “budgets of development”, by analogy with the reserve and road funds. The idea this is a possibility in the Budget code contains the opinion (.doc) Committee for the draft Federal budget for the next three years.
The development of the “residual principle”
The regional authorities spend enough funds for socio-economic development, the document says: expenses of consolidated budgets of constituent entities for capital investments, according to the accounting chamber amounted to only 12.3% in 2017. In particular, the major share of local budget expenditures, according to the Ministry of Finance, in 2017 amounted to spending on public administration, education, housing, culture, media, health, social policy, physical culture and sport, as well as on intergovernmental transfers and servicing municipal debt.
The fall in the value of shares traded in the United States contribute to a trade war with China and the rising yields of Treasury bonds. In less gone and the Russian stock indexes
Photo: Brendan McDermid / Reuters
In the United States, after Wednesday recorded fall in the main stock index, according to data trading. The reason for this was the rising yields of us government bonds.
The greatest drawback is the index high-tech Nasdaq 100, combining quotes of the 100 largest companies listed on this site. By the end of trading the drop was 4.44% (327,12 points). After him is the General and the Nasdaq with a negative value 4.08% (down 315,97 points).
In less gone and other stock indexes — S&P 500 fell to 2785,68 points (minus 3,29%), industrial index Dow Jones has decreased by 3.15%.
The salaries of military nodeindexperpage authorities by almost 50%, and the military pension by 20%, according to the Duma Committee on defense. It is suggested to carry out the indexing for the nine months ahead and raise the actual size of the military pension
Photo: Sergey Konkov / TASS
The defense Committee of the state Duma under the leadership of Colonel-General Vladimir Shamanov recommended the government to allocate additional budget allocation for the increase in military pay and military pensions in 2019. Now in the draft Federal budget planned indexation of salaries and pensions of military 4.3% (forecast inflation) from October 1, 2019. The Committee Shamanov believes it is necessary to move the indexing on January 1, 2019, and military retirees “to pay” 2% above inflation, it follows from the conclusions of the Committee (.doc) on the draft Federal budget for the year 2019 and the planned period 2020-2021 years.
In 2018, the authorities indexed the allowances of military and security forces for the first time after a five-year break — indexation took place on 1 January. In the years 2019-2021 indexation is scheduled for 1 October (this will allow the budget to save). “In the opinion of the Committee on defense, the pay increase for civilian personnel and military pay and persons equated to them on the forecasted level of inflation is necessary to hold from the beginning of the financial year 1 January 2019, instead of 1 Oct 2019”, — stated in the conclusion.
The Committee does not settlements, as it would require additional money from the budget (the press service of the Ministry of Finance did not answer this question).
The speaker said that it is ready to introduce a bill that will forbid to leave the country managers of banks undergoing financial recovery
(Photo: Artyom Geodakyan / TASS)
During the meeting in the state Duma, which was attended by the Governor of the Bank of Russia Elvira Nabiullina, Vladimir Zhirinovsky proposed to prevent travel abroad by those bankers to whom the Bank have questions. This Volodin said that if the leader of the liberal democratic party prepared the initiative, “it could be, and the Central Bank for its part has already expressed support to the initiative,” reports “Interfax”.
In turn, Nabiullina said that the regulator had earlier proposed to suspend the travel abroad of heads of banks who have either revoked a license or they fall under the reorganization. She explained that financial crimes are investigated for a long time, and to return assets from abroad and to extradite bankers hard enough.
Bob Dudley, believes that similar sanctions against UC Rusal restrictions on Russian energy companies will not be imposed
(Photo: Christopher Goodney / Bloomberg)
The head of BP Bob Dudley questioned the possibility of the introduction of the United States against the largest energy companies in Russia such tough sanctions like those that were imposed against UC Rusal. According to Dudley, the consequence could be the collapse of the European energy system.
“I don’t think it will happen. If “Rosneft”, “Gazprom” and LUKOIL to impose sanctions of the kind that happened with Rusal, you actually disconnect the energy systems of Europe, and this is a little bit too,” said Dudley, speaking at the ongoing London conference Oil & Money 2018 (quote by Sputnik News).
UC Rusal came under U.S. sanctions in April 2018. Limitations suggest freezing the company’s assets in the United States and a ban for American citizens to conduct her business. According to the initial requirements of the US American investors had until may 7 to get rid of stock and debt instruments of the sanctioned companies and up to 5 Jun to break off with them contracts. Later than the end of the period during which it was possible to carry out transactions, was postponed several times.
According to the head of the audit chamber, the government will not be able in the coming years to track the achievement of more than half of the goals in the national projects, as well as methods of their measurement yet
(Photo: Sergey Bobylev / TASS)
The head of the chamber Alexei Kudrin said that to monitor the implementation of national projects for 65% of the indicators is impossible, the correspondent of RBC.
“Those passport programs, we’ve seen, 65% of the indicators that will be monitored, they are statistically unobservable. It will prepare a special methodology for their measurement and tracking. These techniques will be ready by the end of 2019, according to some even in 2020 and 2021, meaning that we will always see the full picture of the fulfillment of those purposes, at least in the first year for sure,” — said the Chairman of the accounts chamber Alexey Kudrin at a meeting of the Board of the RSPP.
The chamber will closely monitor the achievement of national goals set by the President, Kudrin stressed. “Even give reviews that, in our opinion, from the point of view of the facts, not fire, which in our opinion could do more, we’ll increase the share of such audit and proposals, which are essentially a consulting function, which carry a large auditing company,” — said Kudrin.
Sberbank is working on a concept for a private operator of a network of nursing homes. For the renovation industry, the Bank offers free of charge to provide business land for construction and to reset interest rates on several taxes
Photo: Vladislav Shatilo / RBC
Sberbank together with the charity Foundation “Memory of generations” is developing a draft concept of the Russian private operator of services for older people, told RBK two sources familiar with the contents of the document. This is a preview of the development, they have not been approved, said one of the sources. The project involves the construction of over 500 new homes and the increase in private investment in the service industry for the elderly to 500 billion rubles by the middle of 2030-ies.
Sberbank is considering a number of initiatives to support seniors and people approaching retirement age, said the interlocutor of RBC familiar with the proposals. “The initiative [to create a private operator of nursing homes]. Which of them will be included in the final program of the Bank, is not fully resolved,” he said. According to him, the concept is not brought for consideration of the credit Committee of Sberbank.
“We are already working on the creation of a public-private partnership (PPP) to establish a network of homes for the elderly,” — said in late August, the Chairman of the Board of Sberbank German Gref in the interview to TV channel “Russia 24”. “We have such a shameful history — to give your parent in a nursing home. Worldwide, the situation is exactly the reverse. It is believed that to give in the home for the elderly of its parent — it is worthy because it is an upscale establishment in which people provide the highest level of service, the realization of their interests, communications, primary medical care,” he said.
The Central Bank reported a fall in imports in the third quarter compared to the same period last year. Experts interviewed by “Vedomosti”, notice that imports decreased QoQ and call the situation abnormal
Photo: Igor Zarembo / RIA Novosti
The decline in imports of goods, which recently reported the Central Bank is anomalous. To such conclusion interviewed by the newspaper “Vedomosti” experts. On Tuesday, the regulator said that the import of goods for the third quarter declined to $63 billion from $63.8 billion in the same period a year earlier.
In particular, Oleg Solntsev from the Center for macroeconomic analysis and short-term forecasting (CMASF) notes that imports are highly susceptible to seasonality in the second half he usually starts to grow at an accelerated pace. However, he says, imports fell in annual terms for the previous quarter, and calls this situation anomalous.
The expert noted that such a situation in which imports in the third quarter decreased quarter-on-quarter, was observed for the last time in 2014 — in the midst of crisis. If this is not the statistical errors in the markets “do not accept” imports, he warns.
The foreign Ministry believes that Russia will retain leadership in world oil production. He was commenting on a statement Saudi Prince, who predicted the “disappearance” of the Moscow market by 2030
(Photo: Vladislav Shatilo / RBC)
Russia intends to maintain the level of oil production and is considering increasing the momentum that will ensure the preservation of the status of an industry leader for a long time. So says Minister of energy Alexander Novak, reports “RIA Novosti”.
“Russia today is a leader in the industry, and it will remain for them in the long run. Our strategy provides for the continuation of oil production at current levels and even with a slight increase,” — said Novak.