Oil: the United States plan to freeze delivery from Iran
The United States plans to freeze the supply of Iranian oil to the world market. Vladimir Putin has decided to test a new tax on self-employed. Stocks and the ruble have fallen into depression.
The administration trump is negotiating with China, India and Turkey regarding the supply of Iranian oil. Key buyers are recommended to reduce the supply to zero by November 4th. Against this background, Brent crude oil jumped to the highest values from 14 June.
States, unhappy with high prices for black gold, they themselves contribute to their growth. However, your interest in them too, in this case there is. If the us will be able to impose restrictions on supplies from Iran, then someone will have to replace the Islamic Republic. And here the United States could become the main Beneficiary of this process.
And at this time, Russia decided in a test mode to impose a tax on the income so-called self-employed people, nannies, drivers, Tutors etc. From 1 January 2019, the tax will have to pay Moscow, Moscow and Kaluga region and in Tatarstan. Those who provide services to hisilicom have to pay 3% of income, and those who work with legal entities – 6%. The probability that the experiment will be successful, in our view, extremely low.
And collect a lot of money at the expense of the new levies is unlikely. Not from good life the Russians moonlighting “on the side”. And given the fact that the country think that taxes are “going nowhere” or simply stolen, is willing to pay is clearly not a lot. Although there is of course the question is, what measures will be applied for the evasion.
On this background the dollar on the MICEX rose to 63 rubles 10 kopecks, the Euro is trading around 73 rubles 60 kopecks. The MICEX index dropped to 2240 points, and the price mix of mark Brent rose above $ 76 per barrel. The exchange rate of bitcoin, according to CoinMarketCap dropped to $ 6100.
The rise in oil prices is not able to help neither the currency nor the stock market to recover. The Russian stock market is becoming more and more unprincipled. Even the high dividend payouts are not capable to support quotations of the domestic companies. The outflow of money of non-residents, purchases of foreign currency from the Finance Ministry, the U.S. sanctions almost completely deprive the economy of free exchange of liquidity. This, in turn, is pushing the ruble down even with the rising oil. The summer the ruble will be difficult, and by the autumn we expect new highs in the dollar/ruble.
The head of the analytical Department of the company,