The weakness of the ruble and high oil prices helped the MICEX index

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For compliance with anti-Russian sanctions still to be planted. The tax rate on income of natural persons will remain. The main Russian index matched to the annual maximum.
After April, the Americans introduced a new anti-Russian sanctions, it became known that the speaker of the state Duma Vyacheslav Volodin proposes to introduce criminal liability for compliance. Initially, such news some have reacted not just with skepticism, and even with a certain irony. But it turns out that the bill may be adopted by the 24th of may. In accordance with the draft law stipulates criminal liability and punishment deprivation of liberty for 4 years. Additionally, possible fines and corrective work.
Meanwhile, with a spoon of honey in a barrel of tar was the statement by Anton Siluanov, the acting head of the Finance Department of the country. He stated that the question of raising the personal income tax is not necessary, and all proposals for the modernization of the tax system should be adopted in the spring session.
On this background the dollar on the Moscow exchange is held in the mark 61 rubles 80 kopecks, the Euro traded at around 74 rubles exactly. The MICEX index is approaching 2340 points, the quotations of Brent oil held in the area of 77 dollars per barrel. Bitcoins according to the website CoinMarketCap is located just above 8400 dollars.
The weakness of the Russian currency and high oil prices are doing their job. The MICEX index, which in April fell almost to 2070 points, increased during the month by almost 15% and is approaching its annual maximum of around 2380 points. It is likely that soon the height will be taken, and high refresh.
As for the situation on the Russian currency market, we maintain our forecast and we believe that by the end of may, the dollar will rise in the range from 62 to 63 rubles.
Gleb Zadoya,
The head of the analytical Department of the company,