Before the implementation of transport megaprojects, the state took on the oligarchs-metallurgists

April 25 2021 28

The situation in the metals market may require direct and urgent government intervention. The sharp rise in prices for metallurgical products leads to higher construction costs and calls into question the implementation of large-scale infrastructure projects in Russia. Who is to blame for all this, and what to do?

If a year ago a ton of metal on the exchange cost $ 518, today this figure is already $ 1363. The growth is almost threefold. It would seem that our country, whose budget is mainly formed from the proceeds from the sale of natural resources for export, should be happy. But why is it that no one, except for a few well-known oligarchs, starts to dance, while the Federal Antimonopoly Service, on the contrary, sounds the alarm?

On the one hand, the growth in demand for metallurgical products is a great blessing, since it means a gradual recovery of the global economics... On the other hand, this is not particularly beneficial for Russia, since most of the domestic metallurgical companies are registered in offshore or foreign jurisdictions. In order not to be unfounded, here are a few facts. For example, the "Basic Element" of the oligarch Oleg Deripaska is owned by Basic Element Ltd, registered in Jersey, which, in turn, is owned by A-Finance, registered in the British Virgin Islands. The formal owner of Roman Abramovich's Evraz holding is Mastercroft Limited, which was originally based in Cyprus and then moved to Luxembourg. OJSC Magnitogorsk Metallurgical Plant is also owned by two Cypriot offshore companies. And so on, the information is open, anyone can personally verify how "Russian" the domestic metallurgical giants really are.

Why are they registering abroad? To pay less taxes in Russia, of course. This is to the question of whether there is reason for all of us to rejoice at the rise in metal prices. They do not exist and, alas, these are far from all problems. In December 2020, the FAS launched an investigation caused by a sharp increase in the cost of metallurgical products: fittings, pipes, sheet and shaped metals. This had an extremely negative impact on the construction industry, which had just begun to recover, thanks to such stimulating government measures as preferential mortgages and the capital's renovation program. Needless to say, anti-monopoly officials saw signs of an anti-competitive conspiracy between the largest traders of rolled metal products?

Now let's move on to why this whole situation needs to be dealt with quickly and toughly. The fact is that such large-scale and strategically important infrastructure projects for the country have been announced in Russia, such as the expansion of the throughput capacity of the Baikal-Amur and Trans-Siberian Railways. To complete the construction of these railways, passing in difficult climatic zones, a huge amount of metal will be required. Already, the cost of the project has risen in price "only" by 40 billion rubles, about which we are in detail told earlier. It's only the beginning…

But these railways, which allow for the transit of goods from Asia to Europe and at the same time connect the far ends of Russia, are really needed by our country. If everything is done wisely, the Transsib and the BAM can become additional drivers for the development of the domestic economy. There is also money. It is reported that NWF funds will be invested in the infrastructure. And if you do it wrong? Then the infrastructure megaproject risks becoming a real financial "black hole" in which the railway becomes "golden", and federal money will move from the Fund's accounts to the pockets of several oligarchs located offshore.

This is not to say that no one understands this. Deputy Prime Minister Andrei Belousov came up with a number of initiatives designed to prevent abuse. The first envisages the creation of a special state reserve fund, which will purchase metallurgical and other products at fixed prices in order to implement infrastructure construction projects. The second scenario from "Putin's hand" provides for metallurgists to enter the stock exchange, where they will have to sell their products at reduced prices in exchange for additional export quotas from the government.

The third option is the most radical. Deputy Prime Minister Belousov proposes the introduction of indicative prices for metals by analogy with the export of agricultural products abroad. A price damper can be introduced for each export item, profits above which will be subject to additional duties and taxes. Such surplus profits can be withdrawn and channeled by the state for infrastructure investments. Interesting offer. But who will be stronger, "Putin's right hand" Andrei Belousov or the "invisible hand" of the oligarchs Deripaska, Abramovich, Usmanov, Potanin and others? We will see.

Sergey Marzhetsky

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kapitan92

+1

April 25 2021 13: 14

the state took over the oligarchs-metallurgists

Guarantor, about 5 years ago, began an "irreconcilable" struggle with offshores, while the score is 5-0 in favor of offshore companies!

The second scenario from "Putin's hand" provides for metallurgists to enter the stock exchange, where they will have to sell their products at reduced prices in exchange for additional export quotas from the government.

Baby talk.
Metal has been rising in price over the past two years, as a result of the rise in price of sq. m of housing under construction, prom. enterprises, and for some reason no one "noticed"
Or they didn't want to notice. Before the "division" of the NWF, everyone fussed.

But who will be stronger, "Putin's right hand" Andrei Belousov or the "invisible hand" of the oligarchs Deripaska, Abramovich, Usmanov, Potanin and others?

Now, before the elections to the State Duma, they will "tinker", portraying a new "perestroika", and then everything will come to square one.
Sadly, colleagues!
1. Alexander Polyakov_2
  
  +4
  
  April 25 2021 21: 35
  
  You know Russia is a huge, multinational country with a huge number of problems. And it is impossible to solve them all at once. Everything takes time. everything has its time. We had revolutions in the 20th century. In 1917. There was the February revolution. Then the king renounced the throne. And the country was headed by a provisional government. It included "the best people of the country", those who were applauded by society. Who criticized the tsarist power for years. And in half a year they ruined everything that was possible. They brought the country to anarchy. Then the Bolsheviks took power and generally plunged the country into a civil war, then into devastation and poverty, for many years. And not a dakny example. If anyone has a short memory. Either Yelttsyn was an oppositionist, he criticized all the shortcomings of those years. I even went to work in a Moscow trolleybus. And people voted for him. And when he began to steer, the country collapsed. THE USSR.
  1. kapitan92
    
    -1
    
    April 25 2021 22: 06
    
    Thank you. I know the history of the country.
    Let me just remind you that Stolypin was an ardent monarchist, but this did not prevent him from starting an agrarian reform. (in order to remove the revolutionary heat, it was necessary to appeal to the bulk of the dissatisfied, offering them qualitative changes in the country, these are prerequisites).
    What can you call qualitative changes for the bulk of the dissatisfied with our country? (medicine, education, work, social services, pensions, affordable housing, etc.)
    
    Quote: Alexander Polyakov_2
    Either Yelttsyn was an oppositionist, he criticized all the shortcomings of those years. I even went to work in a Moscow trolleybus.
    
    Yeltsin: Member of the CPSU (1961-1990), member of the Central Committee of the CPSU (1981-1990); in the party he held the posts of first secretary of the Sverdlovsk regional committee of the CPSU (1976-1985), secretary of the Central Committee of the CPSU (1985-1986) and first secretary of the Moscow city committee of the CPSU (1985-1987).
    Withdrew from the party in 90, when in fact the fate of the CPSU was a foregone conclusion.
    You and I got carried away and moved away from the topic of the article. Honestly, I did not understand what you wanted to say with your post. Maybe?
    
    Everything takes time. everything has its time.
    
    I could give an example of a country's leader who, in the 8 post-war years, turned a destroyed country into a nuclear power. Give examples of members of the government of the USSR - sovereigns, and not temporary workers, as it is now. We need to work more and steal less, then the time will come!
Sergey Latyshev

-7

April 25 2021 14: 19

Yes. Complete idealism.
And the title is clearly ...... Nifiga did not take it.

The problem has been known for a long time, but no one is trying to return the super profits to the country. On the contrary. Steps about de-grafting here and there.

The Americans ran into offshore RUSAL, and allegedly it was they who forced him to pay more taxes and transfer part of the shares to Russia. Those. such lawlessness even with them is unthinkable. (articles here on the site described it)

And "dust - swallow" - so far only in Russia they swallow, in the case of Yukos and others ...
Marciz

-1

April 25 2021 17: 17

Economic sabotage cannot be called otherwise !!!!
Piramidon

+1

April 25 2021 17: 21

the state took over the oligarchs-metallurgists

As always, all the steam will go off to the whistle.
123

+3

April 26 2021 02: 23

In order not to be unfounded, here are a few facts. For example, the "Basic Element" of the oligarch Oleg Deripaska is owned by Basic Element Ltd, registered in Jersey, which, in turn, is owned by A-Finance, registered in the British Virgin Islands.

In order not to be unfounded, it is necessary to give the correct information.
1) En + Group became the first offshore resident on Oktyabrsky Island in Kaliningrad, the re-registration process was completed last fall (took 2 years)
https://www.vedomosti.ru/business/news/2020/09/25/841210-rusal-zaregistrirovalsya-v-kaliningradskom-ofshore
2) Formally, the company belongs to Derepaska, in my opinion 51% of the shares are held by him and his relatives, voting shares as far as I remember he has 35%, decisions are made not by him, but by the board of directors of En +.
3) Rusal does not make steel, they make aluminum.
4) After Mishustin signed a decree of the Government of the Russian Federation prohibiting auditing by foreign agencies, the placement of the company's shares in London is questionable. Obviously, they will move to the Russian stock exchange.

Aluminum prices have risen by about 30% since November last year.
https://www.boerse-frankfurt.de/rohstoffe

Naturally, domestic prices are moving upward behind world ones, the "international" company has assets, sales markets, production and extraction of raw materials not only in Russia, but also abroad.
What methods will the government use to restrain the rise in prices in the domestic market is a debatable issue. It should deal with this, we will see how effective the measures taken will be. Probably it will be protective duties. But aluminum is unlikely to fall in price.

As for the ferrous metallurgy, one must also look at how prices have changed before drawing conclusions about a conspiracy of oligarchs who dream of plundering the reserve fund and therefore raise prices.
Regarding the registration of the companies of Usmanov, Potanin and others, it is probably also necessary to clarify, see who will swallow the dust and who will not.
In general, I do not see anything against limiting the appetites of company owners, but the wrong thing is to first grasp the essence of the issue, and this is just hype and hanging labels. Hands, cooks, some kind of kindergarten. Right hand, as far as I remember, the right hand, according to the law, the comparison is suitable for Mishustin, and Belousov is his deputy.
http://www.kremlin.ru/structure/members/1029
1. Vladest
  
  -2
  
  April 26 2021 12: 06
  
  Almost 127 doses of vaccines from Estonian "sponsors" will be delivered to Estonia this week.
  
  How are you "sponsors" with this for the LDNR, Abkhazia, South Ossetia, Transnistria, Aslad and Modura?
  And about myself it would not be bad. In Estonia, 23% of the population has already received one vaccine. How are you with the rate of "SCALE" vaccination? Already in December began (((((
Odessa Greek

-1

April 26 2021 09: 56

Another strange article. How do non-resident shareholders of metallurgical giants influence the place of payment of taxes in the Russian Federation? If the author is not aware, then the company pays taxes at the location of the legal entity, and not the shareholders. The location of a legal entity is determined by the location of the director. Thus, all the main taxes from the sale of metals and raw materials (VAT, income tax, mineral extraction tax, payroll taxes, property taxes) are paid to the budget of the Russian Federation ...
1. Vladest
  
  -6
  
  April 26 2021 12: 11
  
  You need to study Putin's past. If he cannot get money according to the law, then there is a criminal past to help. Somewhere in the world they do this to start blackmailing business. Or is there no Law in the state?
kriten

-3

April 26 2021 10: 43

While chatter, and empty. The figures are too strong. Are they not running the Kremlin?
Bulanov

+2

April 26 2021 10: 57

As long as the US is injecting trillions of new printed dollars into the economy, prices will rise (too many dollars are piling up). Question - Do Rubles also print at such a pace? Or why, in this case, the ruble does not rise in price against the dollar?
1. Vladest
  
  -7
  
  April 26 2021 12: 14
  
  There is a difference. The dollar is a world recognized unit and as long as they want to have it, they can print as much as they want. The ruble is an internal piece of paper. To start printing without measure will be death for both the ruble and the state.
  Now it will be easy for you to understand why Putin does not like the dollar and the United States so much.
  1. 123
    
    +5
    
    April 26 2021 14: 36
    
    There is a difference. The dollar is a world recognized unit and as long as they want to have it, they can print as much as they want. The ruble is an internal piece of paper. To start printing without measure will be death for both the ruble and the state.
    
    What do you care about the dollar? The Germans print the euro for you and have you for it, if you bark weakly in our direction, they will print less for you, get louder, get more.
    
    Now it will be easy for you to understand why Putin does not like the dollar and the United States so much.
    
    Now do you understand the roots of your Russophobia?
    
    No matter how funny it is, you get the essence of the problem. The dollar is truly a global currency and as long as they want to have it, they can print as much as they want. And they abuse it.
    We are slowly working to rectify the situation and deprive them of this opportunity. By the way, this will also affect the euro.
    What is your backup plan in case this system collapses? Recognize the Germans as non-citizens, join the CSTO, offer to send their 40 soldiers to Syria and beg for subsidies to the EurAsEC? What else can you do?
    1. Vladest
      
      -5
      
      April 26 2021 18: 52
      
      Quote: 123
      Now do you understand the roots of your Russophobia?
      
      If you were smarter, you would see the difference between Russophobia and rejection of your neo-Nazi policy.
      There is not any Russophobia. If you were real patriots of Russia, you would already be ahead of the rest of the world.
      1. 123
        
        +4
        
        April 26 2021 19: 15
        
        If you were smarter, you would see the difference between Russophobia and rejection of your neo-Nazi policy.
        
        Our neo-Nazi politics?
        
        There is not any Russophobia. If you were real patriots of Russia, you would already be ahead of the rest of the world.
        
        If you were an Estonian patriot or just a reasonable person, you would not write such nonsense. And Estonia would not sit on subsidies, being a backer is the lot of slaves.
        
        Vladest
        
        -5
        
        April 26 2021 19: 36
        
        Quote: 123
        And Estonia would not sit on subsidies, being a backer is the lot of slaves.
        
        Well, we know who to be with. LDNR hoped for you, but received a cookie of help. The same as in Abkhazia and South Ossetia.
        It remains for you to look for a sponsor what would provide you with a standard of living higher than the Estonian one?
        
        123
        
        +4
        
        April 26 2021 20: 44
        
        Well, we know who to be with.
        
        The old waitress knows whose wagon train it will be attached to, under whose cart to lie about
        
        LDNR hoped for you, but received a cookie of help.
        
        What does hope mean? They are not Baltic Pomorians with reduced social responsibility. They have a different story. Or do you measure people by yourself? Where the pay is more, there is the homeland?
        
        The same as in Abkhazia and South Ossetia.
        
        And what about Abkhazia and Ossetia? Is Russia obliged to provide them with a high standard of living? Nobody was going to invite them to their country, they were saved from destruction by Saakashvili's punitive forces with the support of NATO scoundrels and ukrosvidomits. Isn't that enough? They already help to improve their lives. we're not going to buy anyone. We need like-minded people, not backsliders.
        By the way, when will the standard of living in Bulgaria be raised? Or are they the art of toadying and begging for handouts worse than you?
        
        It remains for you to look for a sponsor what would provide you with a standard of living higher than the Estonian one?
        
        The words of the kept woman, not the husband. We’ll earn some bread and caviar ourselves.
2. 123
  
  +3
  
  April 26 2021 14: 23
  
  As long as the US is injecting trillions of new printed dollars into the economy, prices will rise (too many dollars are piling up).
  
  This is not entirely true, their financial system is quite effective. Domestically, they still restrain the growth of inflation, sterilize surpluses mainly on the stock market, hence the growth of capitalization by hundreds and thousands of times in American companies. The rise in prices becomes noticeable, for example, on real estate (over 10%) for the United States, this is a lot, and there is no real reason for this, the country is in crisis. The increase in real estate demand is precisely the printed dollars. But this increase does not fall into inflation, it takes into account the rise in prices only for newly created goods.
  Well, the fact that they are pushing around the world is not so noticeable because it is smeared all over the planet in a thin layer.
  In addition, the money supply is growing not only among them, Europe, for example, is also trying, there were mentions that China is not lagging behind the United States, and maybe ahead. The question is by what methods it is done.
  Russia, for example, places bonds on the market, in general the national debt, takes funds from the NWF for various projects, and so on, and does not just print stupidly.
  
  Question - Do Rubles also print at such a pace?
  
  Rubles are also getting more
  Follow the link, at the bottom of the page, the XLSL file "The structure of the M2 monetary aggregate", download the file, there is the sixth column on the left - "Monetary aggregate M1"
  01.03.2021/24/023,9 - XNUMX billion rubles;
  01.03.2021/32/157,9 - XNUMX billion rubles.
  This is what "goes from hand to hand"
  
  https://www.cbr.ru/statistics/ms/
  
  why in this case the ruble does not rise in price against the dollar?
  
  Because this is a deliberate policy of the state, although not officially announced. This stimulates production on the territory of the country and facilitates the implementation of social obligations.
  In the existing world financial system, Russia cannot print rubles as US dollars, and the flow of loans and investments from abroad is consistently cut off for us.
  By the way, the United States cannot act with such methods, drop the dollar rate and the system will collapse. Biden is going to lift the economy off its knees in other ways. Raises taxes for companies by 7%, but they do not like to pay taxes All this fuss with green energy is an attempt to impose duties on others and level the conditions for companies to operate in the United States and not in some Vietnam.
  By the way, curious numbers, 1 ruble = 1 Indian rupee, the exchange rate is just a penny to a penny. I wonder if this is just a coincidence or is it done to facilitate the transition to settlements in national currencies.
  1. Bulanov
    
    +1
    
    April 26 2021 14: 58
    
    Thank you 123, understandably. But I would like to say that due to the growth in the amount of the dollar, the price of a ton of metal will inevitably also grow. Ex. $ 1 in 1960 is equivalent in purchasing power to about $ 8,89 in 2021.
    1. 123
      
      +1
      
      April 26 2021 15: 14
      
      But I would like to say that due to the growth in the amount of the dollar, the price of a ton of metal will inevitably grow as well. Ex. $ 1 in 1960 is equivalent in purchasing power to about $ 8,89 in 2021.
      
      Of course it will grow You are absolutely right, the more money, the less it costs, hence the prices rise. And this applies not only to the dollar. Our Central Bank recently raised the rate, apparently inflation is creeping up
      In general, in my opinion, the conspiracy of our oligarchs dreaming to plunder the NWF has not yet been confirmed. The metal pricing mechanism needs to be dealt with.
      1. Vladest
        
        -4
        
        April 26 2021 19: 39
        
        Quote: 123
        conspiracy of our oligarchs
        
        So they are all friends of your Putin.
        
        123
        
        +4
        
        April 26 2021 20: 50
        
        So they are all friends of your Putin.
        
        Are you jealous? It is understandable, your only rogues and clowns
Stalnov I.P.

0

April 26 2021 12: 53

We need to change the economy, we have created a financial-oligarchic capitalism, cynical, thieving, corrupt, and now we are reaping the rotten and wormy fruit created by the so-called elite and the top leadership.
gorenina91

-6

April 26 2021 13: 18

- Damn, that's just in the subject:

Russia pointed the door to the world's largest audit firms

- Personally, I wrote ... - And where I have already managed to put on 9 minuses ...

-Ha ... - Yes, so many fraudulent home-grown (legal and illegal) information organizations will instantly be sucked into this vacuum that just hold on ... - And ... and ... and you will have to create a new state security service, which will directly deal with the leakage of information .. - That was once the tax police; but when this successful body began to interfere in the "intimate affairs" of our powerful in the world ... - it just (this tax police) ... - was quickly disbanded ...
- And already today ... - Yes, with our corruption ... - no matter how "inter-departmental shooting" does not start at all (that is, employees of different law enforcement agencies may not divide powers and portfolios) ...
- Moreover ... - with our corruption and "bribery" .. - it's just a new "gold mine" ... - just a "new Klondike" ... - Hahah ...
- So Russia will have to once again face the elements of the next "deja vu" ... - Hahah ...

- And now

This is not particularly beneficial for Russia, since most of the domestic metallurgical companies are registered in offshore or foreign jurisdictions. In order not to be unfounded, here are a few facts. For example, the "Basic Element" of the oligarch Oleg Deripaska is owned by Basic Element Ltd, registered in Jersey, which, in turn, is owned by A-Finance, registered in the British Virgin Islands. The formal owner of Roman Abramovich's Evraz holding is Mastercroft Limited, which was originally based in Cyprus and then moved to Luxembourg. OJSC Magnitogorsk Metallurgical Plant is also owned by two Cypriot offshore companies. And so on, the information is open, anyone can personally verify how "Russian" the domestic metallurgical giants really are.
And if you do it wrong? Then the infrastructure megaproject risks becoming a real financial "black hole" in which the railroad becomes "golden", and federal money will move from the Fund's accounts to the pockets of several oligarchs located offshore.

... and .... and ... and
- How can you track and control them ??? - They were already "not controlled" and "not accountable" ... - and now ... - they wanted to sneeze both on the "claims of Russia" and on imported "world audit companies" ... - Hahah. ..

If a year ago a ton of metal on the exchange cost $ 518, today this figure is already $ 1363. The growth is almost threefold. It would seem that our country, whose budget is mainly formed from the proceeds from the sale of natural resources for export, should be happy. But why is it that no one, except for a few well-known oligarchs, starts to dance, while the Federal Antimonopoly Service, on the contrary, sounds the alarm?

- So why shouldn't they dance ??? - They generally ... - jump to the ceiling ... - and sneeze at all !!!
1. Petr Vladimirovich
  
  +2
  
  April 26 2021 20: 40
  
  Dear Ira! Shalom!
  How are you, children, grandchildren?
  Super friendly tip, no half page quotes needed ...
  1. Vladest
    
    -5
    
    April 27 2021 10: 24
    
    Quote: Petr Vladimirovich
    Dear Ira! Shalom!
    How are you, children, grandchildren?
    Super friendly tip, no half page quotes needed ...
    
    I had to send a post for moderation. Have you read the topic? what is there and what is being discussed there?
Vladest

-4

April 27 2021 10: 21

I always think why the United States is more successful than Russia. Here an example came up. Firm Aple, without any twisting of its arms from Biden, declared - "Within five years we have been investing in the USA 430 billion dollars." It's even scary to write this amount in rubles! 31 rubles.
And this is ONLY one firm in the USA. How many wealth funds are there in the Russian Federation?
Why are Putin's ramsters from the big business of the Russian Federation not willing to voluntarily share money without instructions?