03/05/2022
Will the market economy be able to get out?
In connection with the imposition of sanctions by Microsoft , IBM , Oracle , AMD , Intel , Cisco , the Russian authorities have thought about allowing the use of "pirated" software, Kommersant reports . Earlier, the President signed a decree on measures to accelerate the development of the IT industry in Russia.
Among the measures to support the domestic IT industry, the following are envisaged:
*the abolition of criminal and administrative liability for the use of software unlicensed in the Russian Federation, “belonging to a copyright holder from countries that have supported the sanctions”;
*reduction of audits of IT organizations;
*providing companies with preferential loans at a rate not exceeding 3% and applying a zero rate on income tax;
*improvement of living conditions, increase in wages and the possibility of obtaining preferential mortgages for industry workers;
*deferment from conscription for military service;
*simplification of procedures for employment of foreign citizens involved in work in accredited organizations, and for these citizens to obtain a residence permit.
To what extent these measures will be able to mitigate the consequences of the imposed sanctions, time will tell. There are big doubts that foreign programmers will be drawn to Russia in "slender columns" in the hope of a simplified procedure for obtaining a residence permit and preferential mortgages. It is much more likely that the outflow of good programmers from the country will increase.
The Ministry of Digital Development announced support for stimulating the transition to Russian software. And the department does not agree with the abolition of liability for the use of unlicensed software.
In any case, the Russian Federation will have to somehow overcome the “suddenly” difficulties that have arisen. And very soon we will find out how strong a profit-driven economy is in the face of war and large-scale isolation. The experience of the Russian Empire does not add optimism.It is worth paying attention to the fact that the Russian "special operation" can drag on for a long time. And this will require from the economy not only programmers, but also competent representatives of technical professions: chemists, turners, millers, locksmiths, not to mention designers and technologists. So far, Russia has very limited possibilities to solve this problem. The market has done a good job of optimizing the training system.
https://www.rotfront.su/rossijskie-vlas ... spasti-se/
The Central Bank of the Russian Federation allowed banks to hide their financial statements
06.03.2022
The financial sector in Russia is transferred to manual control
According to the new order of the Central Bank , from February, Russian banks should not disclose on their Internet resources the main forms of reporting under Russian Accounting Standards (RAS). Also, this information will not be published on the website of the Central Bank. The reason for hiding data is called "limiting the risks of credit institutions associated with the sanctions imposed by Western countries" . Also , a bill was recently adopted that significantly expands the powers of the Central Bank. The financial sector of Russia is actually transferred to manual control. The only question remains, in whose interests it will be carried out.
Elvira Nabiullina, Head of the Central Bank of the Russian Federation
The order appeared on the website of the Central Bank of the Russian Federation today. It is noted that "credit institutions will continue to provide these reports to the Bank of Russia, which will allow full effective supervision of their activities, as well as analysis of the sector" . At the same time, banks can "if necessary, disclose reporting to their counterparties as part of normal business processes" .
The decision of the Central Bank appeared a day after Sberbank was supposed to publish its financial statements for February . This was not done, moreover, the press service of Sberbank announced without explanation that there would be no publication.
Journalists note that before the order of the Central Bank, its website monthly published data on the turnover sheet of banks (form No. 101), which reflects the movement of funds and balances on all accounts of the balance sheet, the calculation of equity (form No. 123), as well as information on compliance mandatory standards (form No. 135). Also quarterly reports on losses and profits (Form No. 102) were published. Now this data will be closed.
https://www.rotfront.su/tsb-rf-razreshi ... -svoyu-ot/
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The list of countries unfriendly to Russia has been expanded
colonelcassad
March 7, 14:07
Russia has radically expanded the list of unfriendly countries, where previously only the US and the Czech Republic were located.
Now on the list are:
EU Member States, USA, Australia, Albania, Andorra, UK (including Jersey, Anguilla, British Virgin Islands and Gibraltar), Iceland, Canada, Liechtenstein, Micronesia, Monaco, New Zealand, Norway, Republic of Korea, San Marino, North Macedonia, Singapore, Taiwan, Ukraine, Montenegro, Switzerland and Japan.
https://colonelcassad.livejournal.com/7480463.html
Economic news. Gas - $3,000 per 1,000 cubic meters
colonelcassad
March 7, 10:50
Economic news.
Ruble 105 (Central Bank, 140 in Europe)
Oil - 139 (Brent, historical record 147)
Gas - 2826 (historical record broken three times in the morning - the stopping point is not yet clear) - already over 3000.
Gold - 1988 dollars per ounce
Prices are also rising for wheat, corn, aluminum, fertilizers, etc. etc.
The consequences of the operation in Ukraine are already affecting most regions of the world.
Of course. after the end of the operation in Ukraine, one way or another, there will be a rebound from the bottom, followed by stabilization, but I strongly doubt that everything will return to the situation that existed before February 2022. Along with the growing geopolitical rift, tectonic changes also await the world economy.
https://colonelcassad.livejournal.com/7480208.html
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