Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2015-08-04 19:05:00

SANCTIONS FOR RUSSIA'S GDP

SANCTIONS FOR RUSSIA'S GDP

Sanctions linked to the Ukraine crisis could end up costing Russia 9 percent of its gross domestic product, the International Monetary Fund said on Monday.

Russia's economy is showing signs of stabilisation after slumping under pressure from Western financial sanctions and Russian counter-measures. Low international prices for its oil exports have added to pressure on the rouble and government finances.

"The effects of sanctions in terms of external access to financial markets and new investment technology will linger," the Fund said, summing up the findings of a mission in May.

Last year Western countries imposed restrictions that limit international financing for major Russian banks and energy companies, and also high-tech exports to the energy sector. Russia retaliated by banning imports of most Western food products.

The Fund estimated the immediate effect of sanctions and counter-sanctions had been to wipe between 1 and 1.5 percent off GDP, rising to 9 percent over the next few years. These model-driven results were subject to significant uncertainty, it cautioned.

The IMF also forecast "weak" economic growth of around 1.5 percent annually in the medium term. Russia's economy was growing around 7 percent a year before the 2008 global financial crisis.

"Slow-moving structural reforms, sluggish investment and adverse population dynamics are all part of the picture," it said, reiterating its long-standing advice for Russia to reduce the role of the state in the economy, protect property rights and boost competition.

Russia would nevertheless return to economic growth next year as a weaker rouble boosted competitiveness, external demand increased and domestic financial conditions normalised, the IMF said.

It predicted 0.2 percent growth next year following a 3.4 percent contraction this year, in line with its previous forecasts.

Inflation was seen slowing to around 12 percent by the end of this year and 8 percent by the end of next year - more pessimistic than the central bank's forecast of 7 percent by mid-2016.

The IMF said the central bank's policy of gradually reducing its main interest rate in line with underlying inflation was appropriate, but the pace of reductions needed to be "prudent".

It supported limited fiscal stimulus this year, but added: "An ambitious and credible medium-term fiscal consolidation program is necessary to adjust to lower oil prices."

The IMF recommended revising Russia's fiscal rule, which links government spending to the historical oil price, so that the recent oil price fall could be more quickly reflected.

The Fund also said such fiscal adjustment would be hard to achieve if Russia indexes pensions next year at a cost of 1.1 percent of GDP. Russia typically indexes pensions but has yet to decide whether to do so next year.

"Detailed fiscal measures will also be critical for the credibility of the consolidation program," the IMF said.

reuters.com

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Tags: OIL, PRICES, RUSSIA, SANCTIONS,
SANCTIONS FOR RUSSIA'S GDP September, 20, 09:05:00

OIL PRICE: ABOVE $55 YET

SANCTIONS FOR RUSSIA'S GDP September, 20, 09:00:00

GAS PRICES UP TO $3.146

SANCTIONS FOR RUSSIA'S GDP September, 20, 08:55:00

ЦЕНА URALS: $51,81591

SANCTIONS FOR RUSSIA'S GDP September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

SANCTIONS FOR RUSSIA'S GDP September, 20, 08:45:00

RENEWABLE'S FUTURE

SANCTIONS FOR RUSSIA'S GDP September, 20, 08:40:00

TOTAL BUYS RENEWABLE

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Chronicle:

SANCTIONS FOR RUSSIA'S GDP
September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

SANCTIONS FOR RUSSIA'S GDP
September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

SANCTIONS FOR RUSSIA'S GDP
September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

SANCTIONS FOR RUSSIA'S GDP
September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

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Exchange Rates
Date: 00:00 00:00
USD 0.00 0.00
EUR 0.00 0.00
GBP 0.00 0.00
UAH 0.00 0.00
ADR bid ask
GAZPROM 0.000.00
LUKOIL 0.00 0.00
ROSNEFT 0.00 0.00
SURGUTNEFTEGAZ 0.000.00
TATNEFT0.00 0.00