The dependence of the Russian economy from fluctuations in world oil prices declined. This writes the chief economist for Russia and CIS Bank of America Merrill Lynch Vladimir Osakovsky reports Rambler News Service.
According to him, evidenced by a stronger-than-expected GDP data for the year 2016. In the first quarter of 2016, real GDP declined by a modest 0.4 percent in annual terms, while the price of oil fell to $ 35 per barrel, experts say.
The constant change of the ruble exchange rate plays a stabilizing role, notes osakovskiy. "It helps to offset a large part of the volatility in oil prices by adjusting the value of net exports, while increasing the profitability of corporations", — he said.
But reducing the sensitivity of the economy to changes in oil prices have a downside — in case of growth of world quotations do not expect a significant addition to GDP. "We expect that the impact of weaker-than-expected oil this year will also be limited," — said the economist.
In April, the Bank of Russia worsened expectations for GDP growth in the first quarter of 2017 compared with the fourth quarter last year from 0.6 to 0.5 percent. The forecast for the second quarter also dropped from 0.8 to 0.6 percent.
At the beginning of the year, Finance Minister Anton Siluanov said that Russia's economy is completely cured from the "Dutch disease" (the economy's dependence on oil). He noted that the share of oil revenues in the budget in recent years has declined in 2014, they accounted for 9.6 per cent of GDP, and in 2016 and 5.8 percent.
Russia cut oil production by more than 300 thousand barrels per day compared with the level in October last year, which is considered the starting point for agreements to reduce production. This was announced by Deputy energy Minister Kirill Molodtsov. The Treaty on the reduction of production is valid till March 2018.
In Russia recorded an increase in the price of rice wholesale price of a ton of grain from podnyalsya on 1125 rubles and reached 29980 rubles. The rise in price due to lack of high-quality rice for the production of cereals, experts say. On the world market has also seen a jump in prices.
CTP insurers by year-end 2017 can receive a loss of 21 billion rubles. On Tuesday, June 27, said President of the Russian Union of insurers Igor Jurgens. He also said that in the first quarter, the company collected from motorists 90 billion rubles and has paid 100 billion.
The President of Ukraine Petro Poroshenko said that the problem of corruption in Ukraine "comes from the Soviet system of corruption so deeply rooted in society and in the minds of everyone." However, he noted that even in such circumstances, the Ukrainian government managed to achieve "brilliant results" in the fight against corruption.
People's artist of the USSR Vladimir Etush was transferred from intensive care to a regular room, but as long as he remains in the hospital. "Vladimir Abramovich today was transferred from intensive care to a regular ward. But, as the doctors said, a few days it needs to ponablyudat", — said the representative of the press service of the Vakhtangov theatre.
The Merlin was first used built for them on the Yamal artificial nests for breeding, told in the regional Department for science and innovation. A special wooden platform for these predatory Arctic set for population growth, as the Gyrfalcons themselves don't build nests, preferring strangers.