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Wednesday, 22 November 04:40 (GMT -05:00)



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U.S. Investigation of Offshore Capitals May Ruin Putin’s Regime, Aslund Says


The international expert community has been busy discussing the search of Russian offshore capitals by Americans. Anders Aslund assumes that this investigation may eventually put an end to Putin’s regime.

 

 

 

 

 

In his article for Project Syndicate, the Swedish economist claims that Putin’s power is weaker than it seems. Basically, his power is based on economic agreements he consolidated in the past. At this point, those agreements threaten Putin’s political career, Mr. Aslud says. 
 

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At the same time, he says that Putin’s regime is in jeopardy since the local system lacks reliable rights to private property. Russian oligarchs are forced to keep their fortunes abroad, mostly in European jurisdictions. Yet, European governments are against Putin.
 
With the help of a group of loyal people, President Putin gradually created 3 circles of power – the governmental one, the one based on controlling state-owned corporations, and the one based on loyal businesses. The process started in the late 1990s when Putin was in charge of Russia’s Federal Security Service. During his first presidency in 2000-2004, Putin managed to consolidate the powers and lay the foundation of his future regime.
 
At first, he gained control over the Russian TV and political establishment. Later on, he spread his power over the parliament and the legal system. The next step was to take big corporations like Gazprom and Rosneft under control as well. The he captured the entire public sector and created big corporations with cheap public financing.
 
The third circle of power implied rich and powerful businessmen loyal to Putin. They are said to have been helping Putin hide his billions abroad. The whole point is, thanks to the absence of limitations, rich Russian businessmen can withdraw their profits to offshore tax havens. However, those tax havens are not as safe as they used to be, and Putin cannot control them the way he controls Russia.
 

 

For now, the USA and the UK are the two offshore destinations that are still anonymous. But that’s about to be changed according to the latest sanctions signed by the U.S. Congress and President Trump. The sanctions initiate a big-scale investigation to find Putin’s treasures hidden in London, New York and other Western cities. This makes Putin’s regime fragile, and Western politicians are likely going to benefit from that.

 

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Market Reaction to Zero Change in Fed’s Rate

Publication date: 23 September 03:30 AM

Russia Is Against Further Oil Production Cuts, Bloomberg Says

Moscow is against cutting their oil production any further if there is such an offer further down the road. They know that if they have to meet with OPEC members anytime in the near future, and given the fact that the recent extension of the Vienna Accord seems to be failing to do what it’s meant to do, such an offer may really be the case. By the way, Bloomberg reports that another Russia-OPEC meeting is scheduled for July 24, 2017 in Saint Petersburg, Russia.

Publication date: 05 July 07:13 AM

Pavel Krymov on the New Look of Venture Investing

Not so long ago, Ukraine hosted the first conference dedicated to block-chain business. The event was visited by some of the most popular representatives of the crypto-currency industry, including the owners of crypto exchanges, top managers, investment fund managers, developers, and the owners of other related financial projects.

 

Pavel Krymov, who is a well-known and respected expert in financial marketing, investing, and the author of several exclusive strategies of promoting financial services, was also among those who visited the conference.

Publication date: 16 June 09:22 PM

Nobody Can Predict Today’s Crude Oil Market

Today’s global market of crude oil keeps on bringing new surprises. This means it more and more difficult for international experts to predict future oil prices.

 

 
In his articles, oil market observer Sergei Shelin says that the representatives of the so-called international expert community failed on their forecasts once again the other day. To be more specific, nobody could have thought that the recent decision to extend the so-called Vienna Accord during the recent OPEC summit in the capital of Austria would eventually result in lower oil prices instead of pushing those prices higher.
Publication date: 08 June 07:11 AM

Bitcoin Crashes

Bitcoin has crashed by more than 600 dollars per 1BTC. This is confirmed by Coinbase. To be more specific, the exchange rate dropped all the way down to 1961 dollars per 1BTC. Experts say that this is not the end, and the crypto currency may well continue getting cheaper in the near future.
 
Publication date: 01 June 07:26 AM

Experts Don’t Believe That OPEC Will Push Oil Prices Higher

The average price of crude oil is still around 45 dollars per barrel. Some experts believe that no further production cuts will managed to change the situation and make the prices reach new local highs.

Publication date: 24 May 10:00 AM

OPEC-Russia Deal Hits Russian Oil Companies

Since Russian oil companies had to cut down on their daily oil production as the result of the so-called Vienna Accord signed in November 2016 by the OPEC and some non-OPEC producers led by Russia, those companies eventually lost a lot of profit, even though the production cuts seem to have had positive impact on the Russian budget. Apparently, the agreement was designed to reduce the oversupply and make oil prices grow to let the exporters gain more money as the result of higher oil prices in the global market.

 

 
Publication date: 22 May 05:06 AM

OPEC’s Unlikely to Make Further Oil Production Cuts, Expert Says

According to Vladimir Milov, President of the Russian Institute of Energy Politics, OPEC members and their partners have failed to trigger higher oil prices by cutting their daily oil production. At the same time, he believes that the cartel is not ready to implement further production cuts.
 
Publication date: 22 May 03:56 AM

Vienna Accord May Be Extended by 9 Months

During the recent press conference, Saudi Arabian Minister of Energy, Industry, and Mineral Resources Khalid A. Al-Falih told the reporters that the OPEC and non-OPEC oil producers are now actively discussing the possibility of extending the so-called Vienna Accord until March 2018, with the same quota of 1,8 million barrels a day.

Publication date: 15 May 11:01 AM

Morgan Stanley Reveals New OPEC Tactics

It looks like OPEC members declared a hybrid war on their rivals in the global oil market. The say something but do the opposite. This is what Morgan Stanley experts think on the matter.

 

 
For instance, previously the OPEC announced oil production cuts a number of times. On the one hand, there are no reasons to question their announcements. Maybe at times they do cut their oil production. On the other hand, their oil delivery is still the same. This means that despite all the promises and expectations, the international market of crude oil keeps seeing the same oversupply, which in its turn keeps on capping oil prices. Morgan Stanley experts assume that OPEC members are selling out their oil inventories. Indeed, if the inventories are full, why not benefit from this and manipulate rivals with higher oil production costs. The OPEC announces production cuts, everyone waits for oil prices to rally but nothing considerable actually happens.
Publication date: 09 May 10:50 PM