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Head of the IMF admitted the possibility of default in Russia

... according to the head of the IMF, is the main factor in the ongoing uncertainty. As a side effect of the current situation, Georgieva named the increase in commodity prices, which in turn could hinder further growth and create difficulties for the global economy. The head of the IMF noted that Russia will definitely enter a recession, but neighboring countries in Europe and Asia may suffer as well. Speaking about the possibility of a default in the country, Georgieva noted that this scenario no longer ...

S&P Global Ratings: risk of default in Russia is high

Russia's sovereign credit rating was downgraded by 8 points. This was done by the international rating agency S&P Global Ratings (S&P) against the backdrop of sanctions imposed against Russia and Russian ones in response. At present, the rating in both foreign and national currencies has been downgraded to CCC-. The agency attributed the sharp drop in the rating to Russia's special operation in Ukraine and subsequent sanctions, including against the Central Bank. According to...

Tinkov and Fedun: Russian billionaires become millionaires

Several dollar billionaires from Russia lost their financial status due to Russia's special operation in Ukraine. Arkady Volozh and Oleg Tinkov have recently become millionaires. Even earlier, a similar reduction in capital affected Leonid Fedun, who heads the board of directors of Spartak FC and is vice president of Lukoil. Forbes estimated Fedun's fortune at $11.1 billion. Previously, the entrepreneur was in 16th place in the ranking of the Russian rich, and now he has lost about 80% of his...

Spring in Russia began with ‘raining sanctions’

March 1 was marked by the emergence of information about new sanctions against the Russian economy and individuals from all around the world. Japan, Turkey, Canada, South Korea, Singapore and Australia have joined the US, UK and EU sanctions. Six persons of the Russian state fell under Japanese sanctions, including Vladimir Putin, Dmitry Medvedev ...

74 countries are at risk of bankruptcy due to the pandemic

The World Bank warns of the possibility of defaults of the poorest countries of the world due to debts that arose against the background of the pandemic. In 2022, payments on loans and credits taken by a group of 74 states from international financial organizations and individuals will amount to about $35 billion. This is 45% more than they paid last year. Experts attribute the growth in loan repayments (by more than $10.9 billion) to the refusal of many states from the financial assistance from...

Food ration cards may return to everyday life of Russians

Rising food prices may ultimately lead to the introduction of food ration cards for low-income Russians. However, such a measure should not be considered a shame, says economist Ruslan Grinberg. He recalled that the similar practice was widespread in different countries, including the United States. According to Greenberg, in a situation of growing orices, the state will simply be forced to start solving this problem, RIA Novosti reports . In such a situation, two options are possible: subsidizing...

Takeaway Coffee Shops Show The best Revenue This Year

... neighborhood stores (3%). At the same time, it is noted that the increased revenue indicators in the case of tobacco sellers are directly related to the increase in prices for the goods, TASS reports . The study also noted the non-food sectors of the economy, among which furniture stores showed good revenue (16%). The revenue of sellers of clothing and footwear also increased by a third, but there was a tendency for Russians to strive for more budget options. Despite the increase in revenue, the average ...

SEVERAL ENERGY FIRMS HAVE GONE BURST IN THE UK AT ONCE

A tendency for energy companies to close down has been reported in the UK due to the increase in gas prices Since August - five small operators have already gone burst and four more may soon be closed down as well. The price for gas is to be blamed here - this year, its retail price has increased by 3.5 times. This circumstance led to the impossibility of the smaller market players to fully provide their customers with services. Analysts predict a staggering decline in the number of energy companies...

STUDY OF HIGHER SCHOOL OF ECONOMICS: 15% OF INDUSTRIAL ENTERPRISES ARE CANDIDATES FOR BANKRUPTCY

... Obviously, growing demand would allow increasing the volume of output, but this requires increasing the purchasing power of the population and trying to stimulate demand. As of early June 2021, almost half of overdue debts of organizations in the Russian economy are liabilities of more than 1,400 manufacturing enterprises. They owe over 2 trillion rubles. The leaders among them are oil refineries, which owe 1.067 trillion rubles. The main debts (1.347 trillion rubles) are liabilities to suppliers.

ANALYSTS: THE PRICE OF BITCOIN MAY RISE UP TO 400 THOUSAND DOLLARS

The strategist of Bloomberg Mike McGlone stated that Bitcoin could reach the $ 400,000 price within a year. He also tweeted that digital currency can be converted into a low-risk asset. McGlone has posted a diagram showing the rise of Bitcoin since 2010. He noted that at the moment, the situation on the market resembles 2013 and 2017, when the cryptocurrency reached its peaks. The analyst is confident that the next year will be a turning point for Bitcoin. McGlone believes that bitcoin will soon...

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