The US labor market did not notice the recession // Monitoring of the world economy

The unemployment rate in the US in July, despite the reduction in the country’s GDP in the first half of the year, fell from 3.6% to 3.5%, 528 thousand jobs were created during the month, according to data from the US Department of Labor. Over the previous four months, the average monthly increase in the … Read more

Produce or lose // The US is preparing anti-cartel tools to stimulate oil exporters

The US Senate Judiciary Committee on Thursday approved the NOPEC (No Oil Producing and Exporting Cartels Act) anti-cartel bill, which will allow the US government to bring antitrust claims against members of the Organization of the Petroleum Exporting Countries (OPEC) and their partners, including the Russian Federation: Russia is a member of the OPEC alliance … Read more

Not by a single bill // Large companies are asking to defer the introduction of tax payments in a general payment

The planned transition of companies in 2023 to the single tax account (UST) mechanism, designed to reduce the administrative burden on small businesses, for large taxpayers may result in increased costs due to the need to restructure business processes. Representatives of large companies spoke about such risks in the State Duma yesterday, asking to delay … Read more

Let’s all sit down // Government economists have almost decided on the assessment of the upcoming crisis

The speeches in the Federation Council by the head of the Accounts Chamber Alexei Kudrin and First Deputy Prime Minister Andrey Belousov confirmed the government’s basic macroeconomic guidelines: a decline in GDP in 2022 of more than 10%, inflation below 20% per annum, an attempt to quickly replace the “falling out” components of GDP with … Read more

Remote employment everywhere and nowhere // Dmitry Butrin on the not yet mythologized covid unemployment

It is important to sum up some results before the process ends – otherwise, immediately after its completion, it is often transformed into a myth under the influence of subsequent circumstances. In this sense, the report of the Accounts Chamber on the audit of measures taken in 2020 and the first half of 2021 by … Read more

The head of the Accounts Chamber Kudrin believes that the standard of living in Russia is 20% higher than in the USSR

The Chairman of the Accounts Chamber, former Deputy Prime Minister and Minister of Finance Alexei Kudrin, in an interview with TASS, said that thanks to the market economy created in the 1990-2000s, the standard of living today is 20% higher than it was in the USSR. In the early 2000s, when he worked in the … Read more

Show it, convince it, let it try // Evidence-based government policy is pushed into real life

The introduction in Russia of an evidence-based approach to state regulation will allow solving many problems, including pandemic challenges and issues of the climate agenda. Evidence-based policy must be based on the results of scientific research and experiments and the interaction of officials, scientists and society. However, the problem of data availability and quality remains … Read more

State policy is lured into the Accounts Chamber // to check its adequacy to strategic goals

The set of control tools of the Accounts Chamber (JV) can be expanded – a bill on this has been submitted to the State Duma. The document should consolidate the authority of the joint venture on a comprehensive strategic audit and introduce a new mechanism into practice – an audit of the compliance of the … Read more

Shipping Throws Green Flag // Industry Lobby Calls For More Investments in Reducing Emissions

The International Chamber of Shipping (ICS) is calling for increased investment in technologies that reduce carbon dioxide emissions. The industry, like most developed countries, intends to move towards zero CO2 emissions by 2050. This, according to the Chamber, will require a massive transition to new types of fuel, primarily hydrogen. …