The first string of Nord Stream 2 has finished winding

Gazprom has completed the laying of the first string of the Nord Stream 2 gas pipeline, Vladimir Putin said at the St. Petersburg International Economic Forum (SPIEF). According to him, the laying of the second string will be completed within two months. Thus, in the near future, work should begin on hydraulic testing of the … Read more

Benefits are brought to restaurants

Facing a large-scale crisis due to restrictions due to the COVID-19 pandemic, restaurateurs may receive additional support measures. In 2022, companies with revenues of no more than 2 billion rubles. per year it is planned to exempt from VAT, and structures with a staff of 1.5 thousand people will be allowed to pay a reduced … Read more

“Whose oil is actually cleaner?”

Rosneft CEO Igor Sechin spoke at the energy session on the final day of SPIEF about his vision of the future of the oil market. He warned the participants of the session against underinvesting in the oil industry, warning about the future shortage of energy resources, criticized the lobbyists for the imminent energy transition, and … Read more

Disposition defines creation

According to Kommersant’s information, Gazprom Energoholding may acquire the main electricity supplier for Russian Railways, Rusenergosbyt, owned by Grigory Berezkin’s ESN and Enel of Italy. According to analysts’ estimates, as a result, Gazprom Energoholding will become the second largest energy sales company in Russia. Gazprom Energoholding (GEH, manages the monopoly’s energy assets) is negotiating with … Read more

Russian Platinum found money for the Arctic

Musa Bazhaev’s Russian Platinum has agreed with VEB.RF and VTB to finance a project for the development of the Chernogorskoye field worth 570 billion rubles. However, the issue of interaction with Norilsk Nickel and the conditions for using its infrastructure remain unclear. Although negotiations between them have not yet been completed, preparations for the industrial … Read more

Green piano in the bushes

The International Economic Forum (SPIEF) that opened in St. Petersburg in 2021 looks fundamentally different than two years ago, when the SPIEF was last held in person. The form returned, but the main topic of discussion for both the state and business was the upcoming exit of the economy from the pandemic into the world … Read more

Ministry of Finance exchanged dollars for gold

On June 3, the Russian Finance Ministry unexpectedly announced that from May 20, 2021, the government’s foreign exchange reserves will have a new regulatory structure. The US dollar was completely excluded from the NWF liquid assets, the proportions of the other four currencies were changed, and gold was added to the reserves in anonymized form. … Read more

Align left

At the St. Petersburg International Economic Forum yesterday, they discussed the prospects of not only the Russian, but also the world economy, more precisely, global trends after the pandemic, to which Russia will have to adapt. Foreign experts called for preparing for new epidemics, but at the same time not counting on previous support measures … Read more

Small business leads to a clean figure

The first day of the St. Petersburg International Economic Forum (SPIEF) boiled down to discussions around the digitalization of small and medium-sized enterprises (SMEs). The government hopes that this will whitewash the small business sector, which for the sake of efficiency often “goes into the shadows” – in return, the authorities declare their readiness to … Read more