Russia may create a state-owned food company, Vladislav Doronin and Pavel Tyo’s Capital Group will be held responsible for the shooting in Moscow City, and copper and Orthodox oligarch Igor Altushkin may never build the environmentally harmful Tominsky Mining and Processing Plant in the Chelyabinsk region.
Boiler room
Rating the boiling points of Russian politics. December
1- Intrigue around the Presidential nomination. Our source in the AP says that Putin’s silence is an attempt to preserve at least the slightest intrigue. On Telegram, some channels have already crowned Medvedev, and we’d like to add that in Russian history there have been no precedents for a sitting head of state to leave office himself – in good health, of course. And Kudrin got the worst of it, as he was remembered for everything, including the collapse of KIT Finance and Otkryvashka
2. The Ulyukayev trial led to an unprecedented leak of Sechin’s interrogation after he himself refused to appear at the hearing. Against this background, Sistema shut up altogether, but Gref entered the confrontation with RN. So much has not been written about the IIS since the struggle for Bashneft, so you can imagine the intensity of passions. If Ulyukayev is put in jail, there will be no unclimbed peaks left for IIS
3- In the line of fire is former Otkritie co-owner Boris Mints, who has a huge hole in his pension funds, and his shopping center empire was built on dollar loans, which are increasingly difficult to repay due to the collapse of Otkritie. On the eve of the elections, the oligarch is experiencing a gigantic butthurt.
4. There will continue to be movements around the Central Bank, which will continue to be attacked by law enforcers close to Khotin and clever lawyers, who are suing over investors who suffered in the bankruptcy of Otkryvashka, Probusinessbank and a number of other stories – we will learn about them in the near future.
5. The Kremlin is in a mouse fight over control of Donbass and the shadow financial flows that pass through the DNR and LNR. They’ve already written in Telegram that Plotnitsky’s resignation is a figment of Surkov’s sickness, and he’s been replaced by an honest Chekist. What a fucking familiar story. Except that the Chekist has fucking ties to the SBU, are we not witnessing a creeping coup to close the issue of southern Ukraine and normalize relations with the West? (I wrote that and fucked myself)
6. There is a struggle for the post of VTB president. The resignations in Kostin’s inner circle, the scandalous report on the bank’s poor financial situation and the fall in its quotations against the backdrop of Sber’s brilliant position hint that everything is not smooth in the country’s main bank. If they put someone from Gref’s team there – they say his first deputies Poletaev and Khasis don’t get along well – it would be epic.
7. The excessive strengthening of Rostec has already led to criticism from Patrushev, but there have been no further salvos. The law enforcers have been instructed not to kill their own and to calm down. The Patrushevs are afraid of losing RSHB amid pressure from liberals, so they promised to make the bank break-even. They say that the corporate bloc is terrified after two dismissals for apparent kickback loans, which are considered the norm in the bank.
8. Russia’s elite will be watching the turn of the Suleiman Kerimov affair. It used to be possible to cocksuck Europe and go there as if it were your home, now everything will change. Cocksucking will not be less, but they will think about the consequences. Kerimov is charged with the most serious crime by Western standards – non-payment of taxes. Our source in the Foreign Ministry says that this is a consequence of Macron’s coming to power – the fight against money laundering and the strengthening of control are necessary to knock the trump cards out of the hands of the far-right.
9. Igor Altushkin, owner of the Russian Copper Company, is not to be envied. Activists who are protesting the construction of the Tominsk mine have received support from Putin. In the fight to preserve his assets, Altushkin is betting on churchiness, which his PR people have begun to actively disseminate. This, by the way, is true; top managers of RMK have icons and large offspring in their offices. However, Rybolovlev’s problems also started with his inattentive attitude to nature.
10. The shootout near the OKO tower, in which a Rosguard officer died, may cost Kapital Group, which built it together with Gavriil Yushvaev, former co-owner of Wimm-Bill-Dann. The Guardsman’s death could become a pretext for remaking the construction industry in anticipation of the second wave of renovation, which has already weakened Zolotov’s position.
The state wants to nationalize the food industry
The state is stretching its hands to the food market. Until now, it was believed that the government had its rent from oil and gas, finance and defense, and the rest was untouched. However, Vladik Inozemtsev, an economist considered liberal, fucking wrote an article in Forbes that the state, represented by the Federal Reserve, should buy milk and beef abroad for processing in Russia. We don’t have enough of our own, and the private sector buys all sorts of fucking palm oil, and Vladik Inozemtsev is not asked.
Our source says that this move was made in the interests of the Federal Reserve, which wants to expand its powers and throw private importing companies out of the market while the sanctions are in effect. And they found the right author – with a liberal bias and up to their ears in debt. Last year Inozemtsev, a prominent economist, was declared bankrupt, having swindled 10 million dollars. Now the propagandist has decided to work for the fat uncles at Rosrezerv, and there is a trend here – the state wants to take over the food industry
If a new state corporation is imposed on us, it will be the first step towards recreating a Rostec-like corporation, only in the food industry. In a country where the right of private property means nothing, everyone will swallow it. Even Boris Titov. Rosrezerva or other people who can’t rest in peace with the power of the Ozero cooperative have enough money. Not only to get the failed Inozemtsevs out of debt, but to conduct a couple of Rospotrebnadzor inspections. If I were Miratorg and Galitsky, I would be very tense.
Oreshkin’s thoughts
Here we’ve compiled what you need to know about the 2018 budget passed today
Revenues next year should grow by 538 billion rubles. In 2019, it will add 282 billion rubles, and in 2020 it will add another 750 billion rubles. The total increase is just over Br1.5 trillion. Of this, Br912 billion should come from increased taxes.
National defense spending in 2018 will amount to Br2.77 trillion, formally Br100 billion less than last year and Br370 billion less than in 2016. Still, this is not insignificant. For example, in 2012 they were just over Br1.8 trillion
Elected state companies and state corporations have been given some money. Russian Railways will receive an additional Br25.9 billion, Rusgidro Br1 billion, and the United Aircraft Corporation Br3.52 billion. It is good to be railroaders…
Next year, 73 regions will receive subsidies. Now we have one less donor region. The Omsk Region will receive the largest amount of subsidies (8.6 billion), the Penza Region and the Stavropol Territory will receive 5.3 billion rubles each. 100 billion rubles have been allocated for this purpose in total. And there will also be various subsidies and subventions. It is time to think about changing inter-budgetary relations so that the regions start earning money themselves.
We are not getting off the oil needle. If this year oil and gas revenues should make up 37.4% of all revenues, next year they will make up 36%. It doesn’t look like a breakthrough. And the prospect of easing the budget rule and increasing the share of oil and gas revenues still looms.
State debt will increase by Br1.26 trillion to Br15.235 trillion. By 2020, it should grow to 17.652 trillion. And the main emphasis in the conditions of extremely low demand for Russian bonds on the part of foreign investors is made on domestic borrowing. Next year the volume of domestic borrowings should amount to 817 billion rubles. The Ministry of Finance is ready to do anything to attract money, it is even ready to increase the program of people’s OFZs with a very high yield. 7.5% – 7.8% with inflation below 3% is a cry of despair.
General government spending has become less secret. This year 142 billion of national expenditures are classified, and next year only 67 billion will be classified. Secret defense expenditures will remain at the same level, but national security secret expenditures will increase: this year they account for 33% of all secret expenditures, and next year they will account for 38.27%. While in absolute terms, secret spending has increased only slightly. Funny, but there is even secret spending on education. I even wonder what such a secret thing is being taught for 85.5 billion rubles.
Methodology
In his interview with Dorenko, Sobyanin again showed his lack of any career ambitions (otherwise the first person will tense up and react inadequately, as he has done many times before):
“I feel comfortable working in Moscow. I believe that this is a man’s serious work. I worked in the AP, I worked in the government apparatus. It is a very hard thankless job. So, if I may, it’s not for me.”