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Monday, December 2, 2024: Analysis of Key Events and Reports
... conditions.
Corporate Events
RusAgro (AGRO): Last day of trading depositary receipts on the Moscow Exchange in the "T+1 glass".
Polyus (PLZL): Extraordinary General Meeting of Shareholders (EGM) to approve dividends for 9 months of 2024 at 1301.75 rubles per share.
Avangard (AVAN): Closing of the register for dividend payment of 68.16 rubles per share.
Inarktica (AQUA): Closing of the register for dividend payment of 20 rubles per share.
KuibyshevAzot (KAZTP) (preferred shares): Last day with a ...
An expert assessed the impact of increased gas exports on the Russian budget.
... the Russian budget to minimize losses from the gas sector will largely depend on the further dynamics of gas exports to Europe.
"According to the draft federal budget, mineral extraction tax (MET) revenues from gas will decrease by 440 billion rubles in 2025, amounting to approximately 1 trillion rubles. The main reason is the expected cancellation of the MET surcharge on gas of 50 billion rubles per month, which Gazprom has been paying since 2023. If this surcharge is canceled, the budget ...
Why is AI-95 gasoline increasing in price more than the others?
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In Russia, the demand for AI-95 gasoline is growing faster than its production, and the share of AI-95 sales on the exchange does not correspond to consumption. As a result, the exchange prices for AI-95 are rising at a faster pace (74,997 rubles per ton) and are now almost reaching the maximum level of last year's autumn crisis (76,797 rubles per ton). This is stated in a letter fr om the Russian Fuel Union (RTS) to Deputy Prime Minister Alexander Novak (a copy of the letter is available ...
Weekly Economic Events Calendar for U.S. and Russian Traders (November 18 – 22, 2024)
... the G20 Summit often drive international economic strategies, with topics on Ukraine, European stability, and the U.S. post-election landscape.
Recommendations: Watch for statements on sanctions, energy exports, and global trade. Oil prices and the ruble could react to any hints of sanction relief.
Inflation Data from EU, Canada, and UK
Why it matters: High inflation in major economies can impact euro, pound, and CAD rates.
Recommendations: Look for opportunities in euro and pound if inflation signals ...
How to improve the efficiency of the damping mechanism
... companies contributed to the budget was in February 2021, after which payments have only been made in favor of the oil companies. This was influenced by the recovery of petroleum product prices after the COVID-19 pandemic, as well as the devaluation of the ruble, which made external prices in ruble terms higher than domestic prices.
However, this raises a question: if the damper is meant to cover the costs incurred by oil companies due to shortfalls in exports, why are European market prices used for ...