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    Russia and economic war by the west

    kvs
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    Russia and economic war by the west - Page 22 Empty Re: Russia and economic war by the west

    Post  kvs Sun Apr 10, 2022 6:20 pm

    The GDP contraction predicted for 2022 is mostly fluff. There is now a frenzy of activity in the aviation industry and the automotive
    industry. Somehow this is not being considered positive GDP contribution. BS. Real metrics of GDP contraction must include unemployment.
    I am not seeing much indication of any unemployment surge. Perhaps in tourism services but not in real industry. Estimates of a 15%
    GDP drop are not based on the actual situation.

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    Hole
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    Post  Hole Sun Apr 10, 2022 8:47 pm

    The western financial voodoo masters will try anything to get the russian GDP down. At least virtually. The Empire of Lies doesn´t care about facts. The Economist and WSJ will claim it happend and so it will be. Rolling Eyes

    Menahwile in Russia the government and at least the state-owned companies will continue to invest in real stuff.

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    Russia and economic war by the west - Page 22 Empty Re: Russia and economic war by the west

    Post  Kiko Mon Apr 11, 2022 12:29 am

    Russia ups wheat export tax to historic high, 10.04.2022.

    Duty will surpass $100 per ton for the first time ever

    Russia has hiked up the tax on wheat exports to $101.4 per from April 13 to 19, the country’s Ministry of Agriculture announced on Friday.

    This is the first time Russia has raised its wheat export duty to over $100, media reports. The levy has been on the rise for four weeks in a row after dropping for nine weeks prior to that.

    The ministry also raised the export tax on barley and corn to $75.4 and $70.6 per ton, respectively.

    According to Alexander Korbut, the vice president of the Russian Grain Union, Russian grain export duties are likely to grow further.

    “They rose both on geopolitical risks and on the awry situation with the state of winter crops in the United States. Although the situation seems to be improving now and prices are gradually falling, any radical decline is unlikely [and] we are approaching export prices of $400 per ton. Therefore, it is quite natural that the duty will be significantly higher than the current one,” he told the Interfax news agency.

    Wheat prices soared to multiple-year highs last month amid fears of a possible disruption in grain supplies due to Russia’s ongoing military operation in Ukraine. Both countries are the globe’s major wheat suppliers, accounting for about 30% of global exports.

    https://www.rt.com/business/553536-russia-ups-wheat-export-tax/

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    Post  AlfaT8 Mon Apr 11, 2022 3:46 pm

    A look into the Wesren thought process on the Russian economy and the Rubles recovery.

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    rigoletto
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    Post  rigoletto Mon Apr 11, 2022 6:05 pm

    AlfaT8 wrote:A look into the Wesren thought process on the Russian economy and the Rubles recovery.

    The info in the video doesn't seem to be politically motivated but who analyzed the situation clearly don't get the big picture.

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    Hole
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    Russia and economic war by the west - Page 22 Empty Re: Russia and economic war by the west

    Post  Hole Mon Apr 11, 2022 8:39 pm

    The Russian current account, the broadest measure of trade in goods and services, reached a surplus of $58.2bn in Q1, more than 2.5 times the $22.5bn reported a year earlier, according to Bloomberg.

    thumbsup

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    ALAMO


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    Post  ALAMO Mon Apr 11, 2022 8:45 pm

    Hole wrote:The Russian current account, the broadest measure of trade in goods and services, reached a surplus of $58.2bn in Q1, more than 2.5 times the $22.5bn reported a year earlier, according to Bloomberg.

    thumbsup

    They are starving due to sanctions, I am telling ya' !

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    GunshipDemocracy
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    Post  GunshipDemocracy Mon Apr 11, 2022 11:06 pm


    WWF and Greenpeace say foreign agent law does not apply to them

    The Vedomosti newspaper previously reported that the Russian Ecological Society sent a letter to the Ministry of Justice of the Russian Federation with a request to check these organizations for the status of a foreign agent


    https://tass.ru/obschestvo/14348779


    It's like Shaggy's song: It wasn't me Twisted Evil Twisted Evil Twisted Evil


    Hole wrote:The Russian current account, the broadest measure of trade in goods and services, reached a surplus of $58.2bn in Q1, more than 2.5 times the $22.5bn reported a year earlier, according to Bloomberg.

    thumbsup

    Russia  is buying less and export same just for higher prices, true. But that's not all.  IMHO also the fact that billions of USD on oligarchs' accounts are not leaking anywhere ....

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    GarryB
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    Post  GarryB Tue Apr 12, 2022 6:10 am

    It seems the spoils of victory of the cold war has led to yes men coming to power, and those in control not wanting to hear any dissent have gotten rid of the smart advisors or pushed them to the sides so now the advice they are getting is ridiculous.

    Of course SS will tell us it is all 10D chess they are playing and Atlasclub will say that they are playing the long game and that it is all part of a cunning plan....

    In the last few decades US bullying has become worse than usual but 1000x more noticable because now it is out in the open for all to see what happens to countries that grow and develop to the point where they rival the west and the only solution the west has is to isolate and contain, except being only 11% of the worlds population how exactly do they expect to do that?

    The west would best be described as an internet influencer... makes up trends to appear cool and who knows how they earn their money and think they have the right to tell you what to do...

    Well I can get my crystal ball out and tell you that next years look for all the latest and up to date cool people in the west is going to be cold and hungry. Cool

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    GunshipDemocracy
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    Post  GunshipDemocracy Tue Apr 12, 2022 6:20 am

    GarryB wrote:
    The west would best be described as an internet influencer... makes up trends to appear cool and who knows how they earn their money and think they have the right to tell you what to do...

    do you mean prostitutes from Instagram? :d

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    Post  nero Tue Apr 12, 2022 4:32 pm

    https://t.me/levigodman/464

    The purchase price of gas for Moldova will rise in April to $1,193 per thousand cubic meters against $547 in March, said the head of Moldovagaz, Vadim Cheban


    Imagine paying >100 EUR/MWh for gas during Spring... LOL


    Last edited by nero on Tue Apr 12, 2022 7:00 pm; edited 1 time in total

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    magnumcromagnon
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    Post  magnumcromagnon Tue Apr 12, 2022 5:07 pm

    nero wrote:https://t.me/levigodman/464

    The purchase price of gas for Moldova will rise in April to $1,193 per thousand cubic meters against $547 in March, said the head of Moldovagaz, Vadim Cheban

    Yet another example of a Soros Quisling f*cking over the nation they get elected too lol! lol1 clown Razz pwnd

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    Post  JohninMK Tue Apr 12, 2022 9:22 pm

    The Lloyd's Market Association's Joint War Committee has labeled the Black Sea, a major artery for the movement of commodities from Europe to the rest of the world, one of the riskiest areas for vessels to sail. That means insurers will charge war-risk premiums that will make vessels uninsurable due to high costs.

    Four shipping insiders told Bloomberg that underwriters are charging up to 10% of the vessel's value. Some insurers are quoting premiums so high that companies have second thoughts about retrieving energy, steel, and agricultural products from port cities around the Black Sea.

    It means that insurance now likely exceeds the cost of hiring the vessel itself. A $50 million, five-year-old tanker hauling a standard 1 million-barrel Russian cargo would need $5 million just in insurance premiums -- about $1.5 million above the cost of hiring the carrier. - Bloomberg

    Insurers' top concerns are naval mines, rocket attacks, and Ukraine or Russia commandeering the ship because of "national security threats." Two weeks ago, Turkey's Bosphorus Strait, which connects the Black Sea to the Sea of Marmara, was shuttered (for a few hours) due to the discovery of a naval mine.

    The Black Sea is bordered by a dozen countries and ports that export energy, steel, and agricultural products worldwide. One shipping insider said insurers' rates are rising because the pool of them offering coverage is shrinking.

    Data from Bloomberg showed that hiring a tanker with a million-barrel cargo from the Russian Black Sea port of Novorossiysk to Italy would usually cost around $700k and has since jumped to $3.5 million because of war-risk premiums. The added cost has made ships uninsurable and deterred companies from sailings in the area. This will continue to disrupt exports from the region and keep global commodity supplies tight; thus, higher prices will stick around for longer.



    Russia and economic war by the west - Page 22 Snag_2967b748

    https://www.zerohedge.com/commodities/war-risk-premiums-make-ships-entering-black-sea-uninsurable

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    Hole
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    Post  Hole Tue Apr 12, 2022 10:36 pm

    Russia and economic war by the west - Page 22 Fqipto10
    Russia and economic war by the west - Page 22 Fqjinv10
    Cool
    Russia and economic war by the west - Page 22 Fqkmkq10
    Back in the 80´s. The mag should be called The Hypocrite.

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    kvs
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    Post  kvs Wed Apr 13, 2022 5:43 am

    Now that Finland is joining NATzO, Russia should impose a permanent embargo on trade with it. Russia needs to stop feeding
    these hater freaks. Finland wants to be part of the hyena pack, then it should live off the excrement of its pack mates.
    The total embargo should be extended to the rest of NATzO as well. This includes all sales of oil and gas.

    The retarded arrogance of westerners is breathtaking. They think that if they trade with Russia, then they are doing Russia
    a favour and Russia can't live without them.

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    magnumcromagnon
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    Post  magnumcromagnon Wed Apr 13, 2022 7:49 am



    Russia and economic war by the west - Page 22 FQHi_BaakAU_ePM?format=jpg&name=medium

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    JohninMK
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    Post  JohninMK Wed Apr 13, 2022 1:32 pm

    Looks like the oligarchs are on a one way ticket home.

    Emerson
    @EEmerson14
    ·
    4h
    Four Russian oligarchs (Mikail Gutseriev, Alexander Ponomarenko, Vadim Moshkovich, and Alexey Kuzmichev), as well as their spouses and children, will lose their Cypriot citizenship. 21 Russians will lose their #Cuprus nationality as part of #EU sanctions against #Russia.

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    kvs
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    Post  kvs Wed Apr 13, 2022 4:17 pm

    That list are not all ethnic Russians. It includes ethnic Ukrainians and Semites. Everybody is an expert on distinctions
    between Ukrainians and Russians until they don't. What a moronic joke.

    The total sanctions war by NATzO on Russia is a massive loyalty test for Russian elites. They either run off to the west
    or they commit to Russia. This is a substantial long term benefit for Russia and a big loss for NATzO. NATzO's "soft power"
    rests on co-opting and capturing corrupt elites.

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    sepheronx
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    Post  sepheronx Wed Apr 13, 2022 5:30 pm

    kvs wrote:That list are not all ethnic Russians.   It includes ethnic Ukrainians and Semites.   Everybody is an expert on distinctions
    between Ukrainians and Russians until they don't.   What a moronic joke.  

    The total sanctions war by NATzO on Russia is a massive loyalty test for Russian elites.   They either run off to the west
    or they commit to Russia.   This is a substantial long term benefit for Russia and a big loss for NATzO.   NATzO's "soft power"
    rests on co-opting and capturing corrupt elites.  


    If I was a billionaire (or millionaire) I would have a vacation home in Sochi and also property elsewhere in Russia.  Go on vacations to Sochi and do work for elsewhere.

    I dont see the reason to be in Cyprus or elsewhere for that matter.

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    Post  Broski Wed Apr 13, 2022 8:49 pm

    JohninMK wrote:Looks like the oligarchs are on a one way ticket home.

    Emerson
    @EEmerson14
    ·
    4h
    Four Russian oligarchs (Mikail Gutseriev, Alexander Ponomarenko, Vadim Moshkovich, and Alexey Kuzmichev), as well as their spouses and children, will lose their Cypriot citizenship. 21 Russians will lose their #Cuprus nationality as part of #EU sanctions against #Russia.
    I hope none of these parasites return to Russia, the Ashkenazis amongst them can go to Israel and the rest should buy citizenship in Dubai/UAE.
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    Post  Broski Wed Apr 13, 2022 8:52 pm

    One more question, is there any gas flowing to Germany via Nordstream 1 right now? Since Gazprom GmbH was stolen by the German government I don't see any reason for Russia to keep feeding them.

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    Hole
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    Post  Hole Wed Apr 13, 2022 9:15 pm

    sepheronx wrote:
    kvs wrote:That list are not all ethnic Russians.   It includes ethnic Ukrainians and Semites.   Everybody is an expert on distinctions
    between Ukrainians and Russians until they don't.   What a moronic joke.  

    The total sanctions war by NATzO on Russia is a massive loyalty test for Russian elites.   They either run off to the west
    or they commit to Russia.   This is a substantial long term benefit for Russia and a big loss for NATzO.   NATzO's "soft power"
    rests on co-opting and capturing corrupt elites.  


    If I was a billionaire (or millionaire) I would have a vacation home in Sochi and also property elsewhere in Russia.  Go on vacations to Sochi and do work for elsewhere.

    I dont see the reason to be in Cyprus or elsewhere for that matter.

    The reason was tax avoidance.

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    magnumcromagnon
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    Post  magnumcromagnon Wed Apr 13, 2022 10:26 pm

    Airbus has its tail between its legs: The airline against the titanium embargo
    The ban on the supply of metal from Russia will nullify the leadership of Europeans in the aviation market

    Russia and economic war by the west - Page 22 L-331294

    The French aircraft manufacturer Airbus called on the West not to impose an embargo on the import of Russian titanium. Such restrictive measures, according to the head of the aviation concern Guillaume Faury , will not have a significant impact on the Russian economy, but will seriously harm the global aviation industry.

    Fori made the corresponding statement on April 12 at the annual meeting of the company's shareholders. He called the ban on the import of Russian titanium, which is used in the creation of modern airliners, "unacceptable" and suggested moving to a policy of waiving any restrictions.

    At the same time, according to him , the Airbus concern has been accumulating titanium stocks for many years, which gives it a "breathing space" in the short and medium term if the supply of this metal is still blocked.

    Titanium is almost indispensable in the aircraft industry, where it is used to make propellers for engines, hulls, wings, skins, piping, fasteners, and much more. And so far it has not been included in the sanctions packages imposed against our country by Western countries. Perhaps this is due to the fact that VSMPO-Avisma, the world's largest titanium producer, is located in Russia.

    Before the crisis, Kommersant clarifies , this Russian company provided up to 35% of all titanium needs for Boeing, 65% for Airbus and 100% for Embraer. But about a month ago, Boeing announced the suspension of metal purchases in Russia in favor of supplies from Japan, China and Kazakhstan. In addition, the American corporation, due to problems with its new flagship Boeing 737 Max and the pandemic, significantly reduced production, putting only 280 cars on the market last year. Airbus still depends on Russian titanium much more. Also, the European aircraft manufacturer plans to increase the production of its A320 liners.

    At the end of March, Bloomberg reported that Airbus began looking for alternative sources of titanium in case supplies from Russia were cut off. But, apparently, the search was not very successful ...

    We must not, again, forget that the French concern previously joined the EU sanctions against Russia, which include a ban on the export of aircraft, the supply of spare parts, the repair and maintenance of European airliners by Russian airlines. Therefore, in this situation, it would probably make sense to just impose an embargo on our part ...

    SP asked the editor-in-chief of the Avia.ru portal Roman Gusarov to comment on the situation:

    — As for the supply of titanium to the world aviation giants, here, in my opinion, the dependence is mutual. Just as they are interested in obtaining large volumes of high quality titanium products, we are also interested in these orders.

    I agree that, of course, there will not be much damage to the country's economy in case of refusal to purchase titanium in Russia. It is obvious that the hundreds of millions of dollars that are earned from titanium cannot be compared - conditionally - with 1 billion dollars a day for gas supplies in the European direction.

    Let me remind you, we sell for export not raw materials, but products that have already passed the technological process of stamping and rough machining (they do fine processing at their enterprises). This is almost a complete product, and not just a piece of metal.

    But here you need to understand that the VSMPO-Avisma plant, which works for Boeing, Airbus, and other contracts, is located in Verkhnyaya Salda, a small town in the Urals. And if they impose an embargo on the purchase of titanium, then we will have a huge enterprise. Because we will not be able to provide it with our orders in such volumes. And this is a city-forming enterprise.

    That is, we also get problems here. Therefore, in no case, I think, should we respond to their unfriendly attacks, so as not to cut the branch on which we sit, as they say. We still need to stand on the fact that we are ready to continue to supply titanium and titanium products, and maintain our place in the supply chain.

    SP: Why is this so important?

    Because they, as they themselves notice, have reserves. That is, the embargo will not affect the production of their aircraft for some time. Especially considering that aircraft production and demand for aircraft has fallen due to the pandemic.

    Moreover, it began to fall even before the pandemic. The Americans, due to several plane crashes, have generally suspended the production of their medium-haul Boeing-737 MAX.

    Reduced its production and Airbus, despite the fact that it remained on the market alone. Because it turned out that the production capacities were oversized - i.e. optimistic forecasts of demand did not come true.

    "SP": - But now Airbus is just announcing an increase in output ...

    - Yes, they said that they would increase, that there would be no problems ... But these are, by and large, statements for the market - they say, "everything is fine with us, order planes, you will receive everything on time." Actually, no, of course not. They will have enough titanium reserves for a short time, because they have reduced the production program. But what to do next?

    Half of the titanium of the two main world manufacturers - Airbus and Boeing - is supplied by Russia. There is simply nowhere to get such large volumes. This will take time.

    But it is not good enough for us if we categorically refuse to export titanium. Of course, it is possible to create some local difficulties for that side. But in a few years, they will organize new technological chains, make investments in other countries, and we will fall out of this cooperation forever. And we won't be able to go back.

    "SP": - Who is our competitor? Japan?

    - China, as far as I know, produces titanium, but it has its own needs. The largest producer, of course, is Russia. Although Boeing recently announced that they had found an alternative supplier of titanium in the face of Japan. Only here in the message we are talking about a titanium sponge, and this, sorry, is not yet titanium. This is just an enriched ore, from which titanium must be isolated, and then titanium products should be made from it.

    Where Boeing will do all this is the most interesting. Because technological chains are international. And even Russia is not a full-fledged producer of titanium - from the mine to the product. The ore can be mined somewhere in Africa or Latin America, but we are already smelting high quality pure titanium and making titanium products. This is a very serious production, and just to create it from scratch costs a lot of money.

    "SP": - Why don't we set a condition in this case: "we give you titanium, you give us spare parts" for your aircraft?

    “I don't think you should do it. We have other arguments about aircraft. Today, just the government has introduced temporary rules for leasing and buying aircraft from unfriendly countries. They take into account both the interests of our airlines and the interests of Western lessors, who are offered a mechanism for settling accounts with them. That is, because of the sanctions, there was no mechanism. And now it has appeared: either you have a representative office in Russia, and we pay you in rubles. Or you open a representative office in a friendly country and we pay you in the currency of that country.

    Leaseholders will finally be able to exhale, because they themselves are afraid of the return of their planes, in fact, although they are still puffing out their cheeks. And our airlines will be able to fly.

    And then - along the chain: if this stage is implemented, the owners of the aircraft themselves will help us organize the supply chain of spare parts for their property. After all, as long as the aircraft is not bought out, while it is leased, it is their property. These are billions of dollars. Ten new planes, that's a billion dollars. And we have more than five hundred of these aircraft. Accordingly, they themselves will contribute to the organization of the supply of spare parts for maintenance. Again, through third countries.

    That is, we must understand that lessors are not our enemies, they are in the same boat with us. And they are not happy with the decisions of the political leadership of their countries. Therefore, they will try - they are unlikely to talk about it aloud, but they will help us.

    Here we have taken the right position. The West is talking to us with ultimatums, while we remain within the framework of normal legal relations. Contractual obligations are ready to be fulfilled. We do not plan to seize any property. And this is a very good signal to the entire global business, which has already taken a fighting stance, and we made it clear that there is an option that "will suit both you and us." What is mutual expediency. And this process, I think, is now going slowly. The statement of the Airbus CEO is also a good signal in this sense.

    https://svpressa-ru.translate.goog/economy/article/331294/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US
    Russia has found tough control over the runaway Western business

    Russia has figured out what to do with the enterprises of Western companies, which, after the start of Russia's special operation in Ukraine, decided to abandon both their business in Russia and their Russian employees. A bill has been submitted to the State Duma that determines the future of such enterprises: they will either find a new owner or be nationalized. How will this turn out in practice, and how will Western owners behave?

    United Russia has submitted to the State Duma a draft law on the external management of foreign companies that have decided to leave Russia for no obvious economic reasons, based on anti-Russian sentiment in Europe and the United States. The document will affect companies whose activities significantly influenced the stability of the economy.

    The goal is to protect the interests of Russians, preserve jobs and support the economy, the authors of the draft law note.

    “These measures are necessary to ensure the sovereignty of our country. History knows many examples when our foreign political partners in similar circumstances prioritized national interests against the observance of the principle of inviolability of private property. A vivid and yet unforgettable example is the attempt by the US President to forcibly Americanize the Chinese Internet platform Tik-Tok,” says Zelgin Grigory, Partner Lawyer, Chairman of the Board of Partners of the Pochuev, Zelgin and Partners International Bar Association.

    The explanatory note explains the scheme for introducing external management, and which companies can be taken under external management. The draft law also sets out the parameters according to which an external administration can be appointed. “At least two criteria must be met simultaneously. Persons from unfriendly countries must own at least 25% of the shares in the company, and this company must be of significant importance for the Russian economy. Significant importance may be due not only to the scale of the company (city-forming enterprises, companies that have a dominant position under antimonopoly law), but also, for example, the specifics of the activity - suppliers of unique goods, which have no analogues in Russia, ”explains Olga Odintsova, partner in tax practice CMS Russia.

    The grounds for appointing an external administration may be: suspension of activities "in the absence of obvious economic grounds"; reduction of a third of the staff; decrease in production or sales by 30% in three months; the threat of risks for dependent industries; the company's need to attract budgetary funds to continue work.

    The scheme for introducing external administration is as follows. The head of the region or the head of the local department must apply to the interdepartmental commission of the Ministry of Economic Development. By decision of this commission, the Federal Tax Service submits an application to the Arbitration Court of the city of Moscow. At the same time, the court introduces interim measures to prevent the withdrawal of the company's assets. That is, the court prohibits transactions for the alienation of property, the dismissal of employees, prohibits the termination of contracts and the disposal of shares and shares, Odintsova explains. Literally within 5-7 days, the court appoints an external manager at the enterprise.

    “The Moscow Arbitration Court is one of the busiest courts in the Russian Federation. The establishment of such short terms for consideration of the application indicates that their consideration in court will be put on the conveyor. Otherwise, the court simply will not have time. Thus, the issue of introducing external administration will actually be resolved at the stage of making such a decision by the interdepartmental commission itself, and the court in this case will only legalize it if there is no petition to refuse the introduction of external administration by the head of the company or its owners. In fact, they are given five days to do this,” says Grigory Zelgin.

    External management can be appointed in two ways, which was not in the previous version of the law. This is either the transfer of the administration to trust management of shares or shares of the organization, or the transfer of the authority of the head of the organization to the administration.

    External managers are invited to appoint VEB by default. Or the interdepartmental commission proposes another organization, probably more competent in managing a particular business.

    “VEB can evaluate a business as viable or not, issue money, but it has no management experience. In the banking sector, for example, there is a professional manager - DIA. If we are talking about a change of director at an enterprise, then this should be a professional manager who understands what the company is doing. Therefore, it is worth determining the criteria for selecting a qualified arbitration manager. For example, if we are talking about an automobile plant, then this should be a person with at least 15 years of experience in the automotive industry, ”says Vladimir Shalaev, a lawyer and partner at the Pravovaya Group.

    The external administration is appointed for 18 months. But the controlling shareholders of the company (with a stake of more than 50% of the shares) are given the opportunity to fix everything. The external administration will leave if the shareholders are ready to independently resume the work of the company in Russia, or are ready to sell a share of a Western company in a Russian enterprise within three months or transfer it to trust management. “It is important that the decision is made by the court, and the procedure can be suspended, for example, if the owners of the company have decided not to leave Russia,” Odintsova said.

    The bankruptcy procedure will not always be applied, but, most likely, in two cases, Zelgin notes. Firstly, if the external administration recognizes the company as insolvent. Secondly, if the company's operation on the territory of Russia is impossible, which obviously leads to the company's insolvency.

    “Many of the companies in respect of which the external management procedure will be introduced will not be able to fully function without the support of head offices. We are talking about the supply of equipment, software, technical support, etc. This, in turn, will lead to the insolvency of companies in Russia,” explains Zelgin.
    Therefore, not all enterprises will be able to save jobs.

    “The fate of the employees of a company that has fallen under external management will be in the hands of the external administration. One of its goals is to preserve the rights and interests of workers,” says Zelgin. If it is possible to reorganize the company, then it will be necessary to renegotiate employment contracts with employees, Odintsova points out. If the bankruptcy mechanism of the company is implemented, then the main task will be to pay off the employees, but there will be no jobs in the company, Zelgin notes.

    Another problem is that the procedure for replacing assets is proposed to be carried out according to bankruptcy rules, points out Vladimir Shalaev from the Legal Group. Asset substitution is used as an alternative to selling property through auction. The property is contributed as the authorized capital of a new company (for example, an open joint-stock company, which, in fact, has not existed since 2014) and its shares are put up for auction. This procedure allows you to save the business, avoid the sale of assets and save the workforce. However, the bankruptcy law was developed in 2002 and, in terms of the legal form of the legal entity being created, it was last edited in 2008, when there were CJSC and OJSC, Shalaev says.

    “It is extremely unlikely to attract investments through the sale of the enterprise at a regular public auction, as proposed. According to my feelings, in 98% of cases there will be a situation where the state will take everything. Instead, it would be logical to create public joint-stock companies and conduct an IPO of shares on the Moscow Exchange.

    Then a fair price will be set, and there will be more chances to find buyers. Minority shareholders will be able to buy shares, that is, we are with you through the bank's application and brokerage account. One of the latest striking examples is the launch of the Cyan IPO in December,” says Shalaev.

    Zelgin is concerned about the problem of abuse. “We are talking about deliberately bringing the company to insolvency in order to withdraw its assets in a controlled bankruptcy procedure,” he explains.

    “The consequences of the adoption of such a law will be deplorable. Because they will not be able to effectively manage many of these companies. Most likely, they will just be torn apart. And, of course, it will not protect anyone. Competitive companies win in today's markets. And their competitiveness is determined not only and not so much by assets as by management,” Denis Petukhov, teacher at the Synergy Business School, is pessimistic.

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    kvs
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    Post  kvs Wed Apr 13, 2022 11:34 pm

    Russia already had a law controlling how a company ceased its operations. But they made it now more favourable for confiscation.
    This is really good since the factories can keep running with new owners. During the 2000 financial crisis in Argentina workers "hijacked"
    closed plants to keep producing goods for sale. Their original owners wanted to close them and scrap them. The priority should always
    be the national economy. Some smarmy owner should not have the power to close up shop willy nilly. This is not command economics
    and state micromanagement. This is prevention of predatory capitalism.

    Owners can still divest themselves fairly by selling their factories.

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    Post  lancelot Thu Apr 14, 2022 3:07 am

    I am okay with them selling finished titanium parts to Airbus. Boeing basically already sanctioned themselves out.
    What I think Russia should avoid is selling the raw metal or other unprocessed goods which can then be reused easily for military production.

    Russia should avoid selling raw metals as much as possible. They should sell whole manufactured parts.

    China did something similar several years back when they cut exports of rare earths and started selling neodymium magnets and other processed goods instead.

    I see however no reason why Russia should continue selling enriched uranium to the US. Russia should only sell enriched uranium in the form of fuel rods to clients which use Russian VVER reactor designs, or friendly nations like India or China. And these clients should send the spent rods back to Russia for processing and disposal.

    I also hope they stopped using Siemens as a source for the control electronics in VVER nuclear power plants. Russia needs to remove Western dependence on their entire critical infrastructure. Siemens, Areva, whatever.

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