https://t.me/druschbainfos/2319
Independence: The Russian government wants to double the share of foreign trade settlements in rubles – from 19.5 percent in 2021 to 40 percent in 2025. Also, settlements in currencies of states that behave neutrally towards Russia should increase by almost 13 times to about 20 percent. Experts expect that in the long term, 60 percent of foreign trade could be carried out in currencies other than the US dollar and euro. The Russian Ministry of Economy commented on the development to the Vedomosti daily as follows: "We assume that the share of settlements in national currencies will increase from year to year. In 2021 it was 19.5 percent, in the second half of 2022 we are forecasting 20 percent, in 2023 about 25 percent“. Source (RU)
Interim balance sheet: According to the Ministry of Finance of Russia, in August 2022, compared with August 2021, the revenues of the state budget in nominal terms decreased by about eleven percent to about 1.8 trillion rubles. This is the second month in a row that total revenue is down year-on-year. In July, the decline was even 26 percent. According to experts, inflation-adjusted budget revenues are even lower, also because at the end of August consumer prices were 14 percent higher than in 2021. Nevertheless, after eight months, Russia can still record a surplus of over 137 billion rubles, but a deficit is still expected for the whole year, which could be up to two percent of GDP, according to experts. Source (RU)
According to the Association of Tour Operators of Russia, travel to the EU in the summer of 2022 decreased by 90-95 percent compared to the summer of 2019. In the first half of 2022, the number of Russian trips to Europe reached 1.2 million, while in the same period of 2019, eight million Russian citizens visited an EU country (-85 percent). The most popular countries among Russians in the EU this summer were Greece, Spain, Italy and France. In addition to the "air sanctions", the main reasons for the negative development are, first of all, the tightening of the visa policy towards Russian citizens. As a reminder: from September 19, Lithuania, Latvia, Estonia and Poland will close their national borders with Russia, with a few exceptions. Source (RU)
Stockpiling: Russia is preparing for a shortage of products. For example, Russian state-owned companies are currently massively buying products whose prices and availability could be affected by Western sanctions. Accordingly, in the first half of 2022, the number of requests for metal parts, machines and other equipment increased by 70 percent compared to the previous year. The demand for food such as chocolate, tea and coffee from foreign brands also grew by 14 percent. Experts believe that state-owned enterprises have been asked to create inventories "at old prices" in order to be better prepared for possible delivery failures or delays or price fluctuations. Source (RU)