Russia prepared to disable Internet
Russia is ready to disconnect from the Internet. The Ministry of Finance exceeded the plans, borrowing and buying foreign currency on the market.
Vladimir Putin said that Russia is ready to disconnect from the Internet. This conclusion was made by the presidential adviser on the development of the Internet Herman Klimenko. The Russian authorities apparently fear that the Western partners in the latest round of sanctions would cut off Russia from the global network. If that happens, then Russia will live almost as living now, such as Turkmenistan or North Korea. Great examples to follow.
Meanwhile, the Finance Ministry slightly exceeded the plans on purchase of foreign currency in February. Despite the fact that in March the state will receive 238 billion from oil prices above $ 40 per barrel, to buy the currency of this amount will go only 192 billion. This is due to the fact that February revenues were below budget by 45 billion. In addition, the fulfillment of the plan of the Ministry of Finance goes on and on placement of OFZ. In the near future the Minister Anton Siluanov will have to reduce borrowing or increase the limit on the sale of BFL. In General there is an interesting picture when one hand the Ministry of Finance collects rubles due to the sale of BFL, and thus support the domestic currency, and the other hand buys foreign currency, providing the decline of the ruble.
On this background the dollar exchange rate on the Moscow stock exchange is around 56 rubles 55 kopecks, the Euro traded at the level of 69 rubles 80 kopecks. The MICEX index increased to 2325 points, and oil quotations of mark Brent are just below $ 66 per barrel. Bitcoins according to the website CoinMarketCap is around $ 11,300.
Now has become absolutely clear that no significant fluctuations in the Russian currency market before the presidential election, we will not see. The rate of foreign currency will curb all sorts of ways. Support the ruble now has a very positive dynamics of crude oil prices, strong demand for Russian debt, as we wrote above, and operations of the Ministry of Finance. However, in the second quarter, the Russian currency may begin to feel a bit worse. Have pretty high payments on external debt, presidential elections are held and the reasons for the containment of the ruble will not.
Plus absolutely incomprehensible the further dynamics of oil prices in the second quarter. While the oil market seems somewhat more risks than opportunities. We therefore believe that the levels in the area of 55.5 – 56.5 rubles to the dollar, well suited for purchases in the medium term. In the second quarter, we are quite probably waiting for the appreciation of the dollar to 57-58 rubles.
The head of the analytical Department of the company,