Events in Russia

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Crew Dragon ship with Russian cosmonaut Peskov on board on its way to ISS
NEW YORK, March 15. /TASS/. The US Crew Dragon spacecraft belonging to SpaceX with Russian cosmonaut Kirill Peskov as a member of the Crew-10 mission has taken off to the International Space Station (ISS) on Friday, with NASA's website broadcasting the launch.

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The Falcon 9 vehicle carrying the Crew Dragon spacecraft took off from the launch pad of the US Space Force base in Cape Canaveral, Florida, at 7:04 p.m. local time (11:04 p.m. GMT). Accompanying Peskov into orbit are NASA astronauts Anne McClain, Nichole Ayers, and Takuya Onishi of the Japan Aerospace Exploration Agency.

The spacecraft is scheduled to dock with the ISS on Saturday evening. Roscosmos cosmonaut Alexander Gorbunov and US astronauts Nick Hague, Barry Wilmore and Sunita Williams are expected to leave the ISS aboard the Crew Dragon in mid-March.

Roscosmos and NASA have a seat-swap agreement for flights to the ISS. Under the deal, some US astronauts fly to the ISS aboard Russia’s Soyuz spacecraft, while some Russian cosmonauts fly on board America’s Crew Dragon capsules. Maxim Kharlamov, head of the Gagarin Cosmonaut Training Center, a subsidiary of Roscosmos, told TASS in January that the agreement was extended until the end of 2026.

Opinion from Bloomberg of half-truths and lies

How Russia’s Economy Has Survived Putin’s War
March 13th, 2025, 2:02 PM PDT
Despite years of sanctions for annexing Crimea and a later full-scale invasion of Ukraine, Russia’s economy endured. Now, with Donald Trump shifting global alliances, it’s Europe that’s at a crossroads. (Source: Bloomberg)

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"Employee of one of the supervisory authorities of the Russian Federation was detained for treason"
23 марта, 23:45, обновлено 23 марта, 23:51 Видео
According to the FSB, the detainee proactively gave the Ukrainian side information about the ongoing work to protect industrial and energy facilities of border areas
MOSCOW, March 24. /TASS/. The FSB detained for treason an employee of one of the control and supervisory authorities of the Russian Federation. This was reported by TASS in the Center for Public Relations (TSOS) of the FSB of Russia.

"An employee of the central office of one of the supervisory authorities of the Russian Federation on suspicion of treason was detained," the DEC reported.

According to the investigation, he established cooperation on a confidential basis with representatives of Ukraine to assist in activities against the security of the Russian Federation. "In 2024, the detainee proactively gave the Ukrainian side information about the ongoing work to protect industrial and energy facilities of the border territories of the Russian Federation, as well as the locations of the units of the Armed Forces of the Russian Federation," the FSB said.

The Investigative Department of the FSB of Russia opened a criminal case under article. 275 of the Criminal Code of the Russian Federation (high treason). The detainee was taken into custody.

Ex-Deputy head of the Ministry of Defense of the Russian Federation Timur Ivanov did not plead guilty to embezzlement
24 марта, 02:48, обновлено 24 марта, 03:13
MOSCOW, March 24. /TASS/. Former Deputy Defense Minister Timur Ivanov pleaded not guilty about 216 million rubles when buying two ferries for the Kerch ferry and withdrawing more than 3.9 billion rubles from Interkommerts, TASS correspondent reports from the courtroom.

"I can't admit guilt," the defendant said.

His former subordinate Anton Filatov also denied all charges. They are charged with the theft of about 216 million rubles on two episodes of embezzlement and the legalization of more than 3.92 billion rubles from the Intercommerz Bank. The organizer of all criminal acts, the state prosecution considers Timur Ivanov.

Ivanov withdrew more than 3.92 billion rubles from the Interkommerts bank with other defendants, the prosecutor said. Thus, the amount of theft imputed to the defendants in all episodes is 4.1 billion rubles.



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MOSCOW, March 24. /TASS/. The fire from the burning shopping center in Rostov-on-Don spread to the roof of a residential building. This was reported by TASS in the Ministry of Emergency Situations of the Russian Federation.

“The fire spread to the roof of a standing five-story house, residents are being evacuated,” the ministry said.

The department added that the specialists of the laboratory were sent to the site of the fire for testing for the excess of harmful substances in the air. The area of fire is 800 sq. m. 15 people were evacuated from the house.

Later, the Ministry of Emergency Situations reported that the open burning was eliminated.

A building under construction in the center of Moscow, TASS was reported in operational services.

The area of the fire was 100 square meters. m, said the Agency interlocutor.

Later, the Ministry of Emergency Situations reported on the elimination of open combustion on an area of 150 square meters.

The press service said that the fire occurred on the roof of a six-story building under construction. “There was no information about the victims. Fire and rescue units are on site. The information is being clarified," the Ministry of Emergency Situations said.

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The consultations between Russia and the United States in Riyadh, as well as the attacks of the APU on energy facilities, were the main topics of Peskov’s briefing on March 24.

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In the collision of a regular bus and a truck on the highway Simferopol - Evpatoria 6 people were killed. Another 37 people were taken to medical institutions, 22 of them were hospitalized.

TASS gathered the main thing about the incident.

Circumstances of the accident

A regular bus and a truck collided on the Simferopol-Yevpatoriya highway.

There were 32 people on the bus.According to preliminary information, the bus, driven by a man born in 1963, traveling along the Arkadyevka-Simferopol route, hit a truck with grain parked on the side of the road.

The bus belongs to the regional state enterprise "Krymtrolleybus", according to information on the organization's website.

Victims and injured

According to the latest data, 6 people died as a result of the accident.As reported by the Crimean Ministry of Health, 37 people, including 8 minors, were taken to medical institutions.

As a result of the examination, 22 of them were hospitalized, including a minor.

The condition of four patients is assessed as serious, 18 people are in a moderate condition.

Investigation

The regional prosecutor's office is supervising the investigation into the accident.

Two criminal cases have been opened - for violating traffic rules and for providing services that do not meet safety requirements.

The driver of the bus that collided with a truck in Crimea is sober and claims that he was blinded by the sun at the time of the accident, according to data from the regional Ministry of Internal Affairs. He has been detained.

Investigators are seizing travel and accompanying documentation.Automotive and other necessary examinations have been ordered.

Eyewitnesses of the incident and passengers of the bus have been questioned.

Trump said that the United States and Ukraine agreed on a deal on rare earth metals, will soon be signed:

The infrastructure of the provider Lovit was attacked from the United States, Germany, Sweden
MOSCOW, March 24. /TASS/. DDoS attack on the infrastructure of the provider Lovit comes mainly from abroad, in particular from the USA, Germany, Sweden, Finland, the Netherlands, France and other countries. This was reported by TASS in the press service of Roskomnadzor (RKN).

“On March 21, the infrastructure of the provider Lovit was subjected to a massive DDoS attack mainly from abroad. The geography of attacking servers and botnets: the United States, Germany, Sweden, Finland, the Netherlands, France, Croatia, the United Kingdom, Russia.

As reminded in the RCN, the DDoS-attack began at 09:58 Moscow time on March 21. Its power at the peak was up to 219.06 Gbit / s, the speed - up to 22.39 million packets per second. “As of 13:44 Moscow time, it is still ongoing on March 24. However, its capacity has decreased to 36.59 Gbit / s, and the speed - to 4.01 million packages per second, "the press service added.

Specialists of the Center for Monitoring and Maintenance of the Public Communication Network (CMU SSOP), subordinated to Roskomnadzor, continue to help the provider to repel a cyber attack using the National DDoS Attacks.

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MOSCOW, March 24. /TASS/. The fire occurred in a building under construction in the center of Moscow, TASS was reported in operational services.

The area of the fire was 100 square meters. m, said the Agency interlocutor.

Later, the Ministry of Emergency Situations reported on the elimination of open combustion on an area of 150 square meters.

The press service said that the fire occurred on the roof of a six-story building under construction. “There was no information about the victims. Fire and rescue units are on site. The information is being clarified," the Ministry of Emergency Situations said.

"RUSSIA CELEBRATES AIR FORCE NAVIGATOR DAYOn March 24, Russia honors the specialists whose precision and expertise are vital to military aviation — the navigators of the Aerospace Force"
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MOSCOW, March 29. /TASS/. Despite statements by Vladimir Zelensky about the purported cessation of attacks on Russian energy facilities, over the past 24 hours, the Ukrainian army continued strikes on Russia’s energy infrastructure, the Russian Defense Ministry said.

"Over the past 24 hours, the Kiev regime has continued attacks on Russian energy infrastructure facilities," it said in a statement.

According to the ministry, the Kiev regime has just increased the number of attacks on energy infrastructure in Russia’s Kursk and Belgorod regions, despite Zelensky’s claims.

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Rospotrebnadzor monitors information on cases of illness with an allegedly unknown virus, the necessary information has been requested:
MOSCOW, March 29. /TASS/. Specialists of Rospotrebnadzor took control of information about cases of the disease with an allegedly unknown virus, the necessary information was requested. This was reported to journalists in the press service of Rospotrebnadzor.

Earlier in the Telegram channel Shot there was information that in Russia a virus that causes high fever and blood during expectoration, while tests for covid and influenza in patients are negative.

“Specialists of Rospotrebnadzor took control of reports of cases of the alleged unknown virus, which were distributed in the Telegram channel. The administration of the Telegram channel requests all available information related to the publication”, – stated in the message.

The situation is under the control of Rospotrebnadzo

False information is circulating on X of an attempted assassination of Putin.

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WTF!

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FSB cracks down on Scientology cell in Russia's Kaliningrad Distribution of Scientology literature and materials was outlawed in Russia in 2016, when it was legally classified a ‘cult’

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In Taganrog due to the attack of the UAV injured two people
Acting Governor of the region Yuri Slyusar said that damaged two apartment buildings
ROSTOV-ON-DON, April 1. /TASS/. Two people were slightly injured due to an UAV attack in the city of Taganrog, Rostov region. There were fires, they were quickly extinguished, said the acting governor of the region Yuri Slyusar.

“According to operational information, because of the attack of the UAV in Taganrog, there was a fire in a 9-storey building on Lisa Chaikana Street, 57 and near a 7-storey building on Lenin Street, 147. <... > Fires are extinguished. At the moment, two people have applied to doctors with mild injuries: burns and cuts. They are being helped. Fortunately, there are no victims,” he wrote on Telegram-каналеthe Telegram channel.

Slyusar added that the houses have a cordon.

The acting governor of the region reported that "at the moment from a multi-storey house on the street Lisa Chaykina, 57, evacuated 85 residents. The house from communications is not disconnected, according to experts, the bearing structures of the house were not affected. After the survey by sappers, the tenants will be allowed to return to the apartments.

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Zakharova called vaudeville accusations of Moldova and a video at the Russian Embassy in Chisinau
1 April, 11:19
Maria Zakharova called the vaudeville scandal in the media with a video recording at the Russian Embassy in Chisinau and accusations from the authorities of Moldova of interfering in the internal affairs of the republic: https://vk.cc/cKpTWz
MOSCOW, April 1. /TASS/. The official representative of the Russian foreign Ministry Maria Zakharova called vaudeville scandal in the media with a video at the Russian Embassy in Chisinau and accusations from the authorities of Moldova of interference in the internal Affairs of the Republic.

Chisinau tried to unleash a topic with some video around the Russian embassy, to be attached to the Russian ambassador for allegedly interfering in the internal affairs of Moldova (or with the help of [Moldavian President Maya] Sandu Romania?). The vaudeville is simple. Comment on the exhausted footage and video clipping Sandu is an empty matter,” the diplomat wrote on the Telegram channel.

But I would like to remind everyone: assistance to Russian citizens is a direct responsibility of Russian diplomats. So it was, is and will be,” added Zakharova.

The head of the Information and Security Service of Moldova, Alexander Mustyatse, said at a briefing on Monday that the Russian Embassy allegedly helped the deputy of the parliament from the Victory bloc, Alexander Nesterovsky, to hide from justice. According to him, Nesterovsky the day before the verdict was allowed to get to the territory of the diplomatic mission, and the next day by car with diplomatic numbers was taken to Transnistria. As evidence, the head of the service cited video.

Violation of the moratorium by Ukraine and the Black Sea initiative. What Lavrov said
1 апреля, 08:54
Russia has handed over to the United States, as well as to the UN and the OSCE, information on how Ukraine violates the moratorium on strikes on power facilities, Foreign Minister Sergei Lavrov told reporters.

He also noted that Moscow made specific proposals for the practical implementation of the Black Sea initiative.

TASS collected key statements of the foreign Minister.

On the violation of Ukraine moratorium on strikes on the energy infrastructure

Lavrov and Defense Minister Andrei Belousov reported to Russian President Vladimir Putin about Ukraine’s non-compliance with a moratorium on strikes on the energy infrastructure:

“Belousov said that the moratorium is not observed, the energy facilities of the Russian Federation are being attacked all this time, maybe with a break for one or two days, and listed all the objects that were the targets of Ukrainian drones, over the past time. And I continued in the same direction.”

Russia gave the United States, as well as to its representatives in the UN and the OSCE, information on how Ukraine violates the moratorium on attacks on energy facilities, “so that they show in the work on specific facts, what is the word of the Ukrainian authorities of the current one, if you can call it power.”

Moscow “100%” observes a moratorium on strikes on Ukrainian energy infrastructure.

Contacts with the United States

Russia and the United States are preparing a new meeting on the elimination of irritants in bilateral relations and the normalization of contacts, “there are telephone contacts, via video conference”:

“We see the emerging progress and the desire of American partners to remove these completely unacceptable obstacles to the normal work of diplomats in the capitals.”

It was not Russia that began to quarrel the work of diplomats: “Other Obama administration was actively noted in this field.”

The Black Sea Initiative

Russia needs “not empty promises, but concrete deeds” within the framework of the Black Sea initiative, the American side promised to “respond to respond soon.”

Putin at a meeting with the permanent members of the Security Council asked to talk about a meeting with the United States on the idea of resuming the Black Sea initiative.

“Moscow made concrete proposals for the practical implementation of the Black Sea initiative: “We supported, as I said, the readiness of the United States, which was fixed on paper after the meeting on March 24, but added concrete proposals on how this can be done in practice.”

Such proposals are absolutely necessary to not repeat the sad experience of the original Berne-Morean initiative approved in July 2022, which was made by UN Secretary-General Antonio Guterres. “The Ukrainian part worked all this time, we have complied with our obligations. With regard to the Russian interests, which were enshrined as the obligations of our partners within the framework of that initiative, nothing was done.

Tags: Sergey Lavrov (ice hockey) Ukraine United States Russia
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Putin held a Security Council meeting on the terrorist threat and the implementation of agreements with Ukraine to end attacks on energy infrastructure: Today we will discuss additional measures to combat the terrorist threat. This is a very important issue, and no further comments are necessary. But before we begin the discussion, I would like to ask Belousov a question. How are we implementing the agreements between Russia and Ukraine aimed at stopping attacks on energy systems?
 
Annual Moscow Economic Forum took place on April 1 and April 2. Watched 2 sessions recordings so far, both quite interesting:

Session №3 - "Is it time to nationalize the Central Bank of Russia?", available in Russian only; summary text here, in Russian, you can use a machine translator of your choice.

Topics:
— Why doesn’t the Central Bank, having enormous resources, use them to actively stimulate the economy and support citizens?
— How does the autonomy of the Central Bank affect the financial sovereignty of Russia, and isn’t it time for the state to take full control over its activities?
— What specific mechanisms for nationalization of the Central Bank can be implemented? What legal and economic mechanisms are needed to implement such a solution?
— How will the possible nationalization of the Central Bank affect Russia’s position in the international banking system and what consequences could this have for interaction in international payments?

Session №10 - "Misconceptions in Economics: How to Overcome Them and Avoid Irreversible Consequences for the Country's Development", available in Russian and in English

Topics:
— Inflation misconceptions. Should inflation targeting really be the core of economic policy?
— Misconceptions about the Bank of Russia. The Central Bank of the Russian Federation is independent and this cannot be changed?
— Tax Misconceptions. Does raising taxes lead to an increase in regional budgets? Are taxes the lowest in Russia?
— Misconceptions about natural monopolies. Natural monopolies can be private, and their tariffs will be regulated by the market?
— Export misconceptions. Is exporting unprocessed raw materials beneficial for the country?

Also available in English:

Session №1: The New Global Bloc Division: Russia’s Strategy
Session № 6: Food Security: Russia’s Role in the World
III Plenary discussion - A Changing World: Russia’s Strategy
Session № 9: The Near and Middle East in a Changing World
Session № 14: Engineering in 2025: Challenges or Solutions?
plus a few more, closing with
Final plenary discussion: Summing up the results of the Forum

Full program with topics and speakers listed here (in Ru).
 
Possibility of Being said:
Session №3 - "Is it time to nationalize the Central Bank of Russia?", available in Russian only; summary text here, in Russian, you can use a machine translator of your choice
Click to expand...
Here is a summary (close to a transcript) of the session about the nationalization of the Russian central bank:

https://me-forum.ru/media/news/17470/

It starts with a Rothschild quote, no less:

Session #3 " Is it time to nationalize the Central Bank of Russia?"

On April 1, the Moscow Economic Forum (MEF) hosted a thematic session "Is it time to nationalize the Central Bank of Russia?". It was moderated by Vladimir Boglaev, General Director of JSC Cherepovets Foundry and Mechanical Plant.

The session was attended by Anatoly Wasserman, member of the State Duma Committee on Education, Sergey Glazyev, Academician of the Russian Academy of Sciences, Chairman of the Scientific Council of the Russian Academy of Sciences, Nikita Komarov, Head of External Communications at the Tsargrad Institute, Yuri Pronko, economic commentator, journalist, TV host of the Tsargrad TV channel, Oleg Sukharev, Russian economist, Chief Researcher at the Institute of Economics of the Russian Academy of Sciences.

Opening the session, Vladimir Boglaev recalled the words of Mayer Amschel Bauer (Rothschild): "Let me control the issue of money in the state and I don't care who writes its laws." The sovereignty of the state depends on the instrument of issuing money.

The businessman stressed that if today the country is facing the task of import substitution, then the actions of the Central Bank contradict logic. If against the background of logistics problems after the start of a Special Military Operation, enterprises are faced with an increase in the volume of asset turnover, then even to simply maintain the level of production at the same level, more working capital is needed than it was before the SVO. And affordable credit is the main way to compensate for the lack of working capital.

The Central Bank has reached the point that current assets have remained at the old level, which means that we have started to kill the remnants of our own production. According to Vladimir Boglaev, the high rate is a cover for purposeful destruction of industrial potential. Back in autumn, the Bank of Russia introduced such requirements for collateral that now production workers will not be able to take out loans even at a low rate. It turns out that enterprises are not only unable to attract new working capital, but will also return the old ones in the form of loan debts. This will lead to a decrease in production volumes, which, in turn, will lead to an increase in production costs, prices and inflation, which means a further increase in the Central Bank rate.

"The issue of the ruble is not provided by the huge resources of our country, but by the amount of currency that we receive through resource trading," Vladimir Boglaev said. The moderator is sure that this indicates that the Bank of Russia is not independent.

Anatoly Wasserman, a member of the State Duma Committee on Education, contradicted Vladimir Boglaev's speech, noting that production requires not only working capital, but also a variety of resources paid for by these funds, including production equipment and personnel, which are not completely interchangeable.

"No matter how we catch up with the crowd according to the formula "two soldiers from the construction battalion replace the excavator". But in fact, the equipment will replace the entire construction site. Similarly, if we buy a dozen excavators, but we have only one excavator operator, then nine of them will be idle, " the deputy noted.

According to Wasserman, after Russia actually destroyed applied science and what they did with production in the 90s, we, unfortunately, cannot restore it at the pace that is really necessary. In this sense, it is necessary to limit the flow of working capital to some extent, since without equipment they can simply overwhelm the economy.

Fearing that inflationary processes will lead to an exponential increase in prices, the Central Bank conducts its policy, Wasserman suggested. And if this is the case, then the Central Bank, of course, is pretty "overdoing it", but the extreme from which they are fleeing is also unlikely to be liked by anyone.

The expert called optimal emission at the same rate as the volume of products produced in the country is growing. In this situation, prices should not change at all.

"From my point of view, the nationalization of the Central Bank should be considered not as a replacement of the management system, but as an agreement between the Central Bank's issue and real production statistics," Anatoly Wasserman said.

Continuing the topic of production development, the speaker noted that access to equipment is important for this. Today, for obvious reasons, the number of import channels has decreased. The possibility of obtaining the necessary technological solutions is now connected not only with financial opportunities, but also with the political situation.

In response to the moderator's comments, Anatoly Wasserman said that his conclusions are correct if we forecast for a short period of time. However, many production processes take longer — it's all about the planning horizon. At the same time, the speaker confirmed that the system for determining the Central Bank's exchange rate does not have any planning horizon at all, which leads to harmful "side effects". The emission rate should be commensurate with the speed of production, with the capacity of channels of production equipment. In this case, we are talking about the production of means of production or their import.

Sergey Glazyev reminded that key documents on the Central Bank's monetary policy are reviewed and approved by the National Financial Council, which includes two representatives from all branches of government, including four representatives from the Federal Assembly.

"Nothing prevents our State Duma and the Federation Council from actively influencing the policy of the Central Bank through their representatives in the National Fiscal Service, who play the role of statisticians, unfortunately, instead of seriously working on shaping the policy of the Central Bank," the academician noted.

All Central Bank regulations are also approved by the Government of the Russian Federation. Therefore, we should talk about a single monetary policy. Moreover, the entire management of the Central Bank is proposed by the President and approved by the State Duma.

The approach to the organization of the Central Bank's work and policy is based on archaic dogmas: starting with the Fischer identity and ending with the Phillips curve. These are very archaic understandings. The Central Bank considers the economy as an equilibrium system in which there is no development and nothing changes, the speed of money remains unchanged, the supply volume does not change.

"They believe, based on the Phillips curve, according to which the lower the unemployment rate, the higher the inflation, that the economy is overheated. But all this has nothing to do with modern reality, where the main factor of economic growth is scientific and technological progress, " said Sergey Glazyev.

According to the speaker, the Central Bank's understanding of money circulation is at the level of the 19th century. The elementary axioms of the market equilibrium doctrine do not take into account scientific and technological progress and the uncertainty of economic development.

Sergey Glazyev said that the Russian economy is currently underutilized. In this case, a reduction in the amount of money causes an increase in inflation. The speaker also suggested looking at the policy of inflation targeting, in which the Central Bank declares that the main goal of its policy is to reduce inflation. It has not been implemented in 10 years (to reach 4% inflation).

The entire policy of the Central Bank is contained in several postulates:

1. Freedom of cross-border export of capital (this reflects the interests of the Comprador oligarchy).

2. The ruble exchange rate is thrown into free float.

3. All the tools of monetary policy are reduced to manipulating the key rate.

According to Glazyev, this is a very primitive approach, which is derived from the IMF's analytical report of the Great Depression. In fact, the Central Bank had every opportunity to fix the ruble exchange rate, which is very important for fighting inflation. Leaving for free swimming had disastrous consequences. The Central Bank, by letting the ruble exchange rate float freely, killed the stability of our currency — today it is one of the worst in the world in terms of volatility and instability.

And this ambiguous policy had its own beneficiary-a currency speculator. As soon as he saw that the ruble exchange rate was allowed to float freely, the volume of speculation in the foreign exchange market tripled. At the same time, real demand for foreign currency has not changed, neither GDP has changed much, nor the structure of foreign trade.

All countries that can accumulate reserves from, for example, the oil-producing sector observe either a stable or fixed exchange rate regime, like Saudi Arabia.

As Sergey Glazyev noted, the Central Bank has gone from being a mechanism for creating money to a mechanism for withdrawing money from the economy. Trying to fight inflation by raising interest rates, the Central Bank drains money from the economy, effectively depriving it of credit. Today, the Central Bank owes our economy about 30 trillion rubles-this is a direct result of its activities. Both in the East and in the West, normal monetary policy is quite different.
"In this mechanism, it doesn't matter what our key rate is. We allowed ourselves to be tricked and reduced the whole discussion to what the key bid should be. This is generally a tool for balancing the liquidity of commercial banks. This has nothing to do with investments at all, " Glazyev said.

At the end of his speech, the speaker named a number of measures. One of them is to stop the export of capital. The currency speculator is not the only beneficiary of such a Central Bank policy. Together with it, those who annually export huge amounts of money abroad received their benefits.

The next speaker was Nikita Komarov, Head of External Communications at the Tsargrad Institute. He drew attention to the fact that the issue of nationalization of the Central Bank is acute today not because it de jure does not obey anyone, but because its leadership is in captivity of its own illusions and does not work in the interests of the state. The contradictions between the Central Bank and the government, according to the speaker, have become obvious. And only about six months ago, the Central Bank won this hardware battle, and the head of the Ministry of Economic Development said that they had come to an agreement and would slow down investment in order to prevent overheating of the economy.

Nikita Komarov stressed that from the ideological side, the issue of nationalization of the Central Bank is relevant, but first you need to understand who it should obey. If the Central Bank becomes subordinate to the Ministry of Finance, this does not mean that its policy will change.

In turn, Yuri Pronko highlighted several points that indicate that the problem of non-control of the Central Bank exists in reality. According to him, the Central Bank of the Russian Federation is not just a mega — regulator, but a whole "state within a state" that is immune not only to expert points of view, but in general to other opinions.

When this institution was created, the economic observer recalled, the powers of many structures were merged into it, that is, it is responsible not only for monetary policy. The Central Bank has gained enormous power over entire sectors of the economy. There is no such thing in any country in the world.

Yuri Pronko also reminded that it was Elvira Nabiullina, the current head of the Central Bank, who led the purge of the Russian banking sector a few years ago. This has led to the fact that we have a classic oligopoly in the Russian financial market. Yes, the state acts as a shareholder, but at the same time acts as a regulator. This is a fundamental moment for what is happening today — raider seizures against the background of a raised key rate. The expert is sure that the bankers are the beneficiaries of all this. At the same time, large banks are linked to the state.

"Bankers and officials now determine the overall situation in the economy. And when I hear remarks that only the Central Bank bears full responsibility for the situation in which we find ourselves… That's not so. Government officials also have the same responsibility. Some are hiding behind the president's back, while others are hiding behind Nabiullina, " Yuriy Pronko said.

None of the Central Bank's forecasts came true. The same applies to the Ministry of Economic Development. According to Pronko, the situation with the pension reform is also interrelated, and in Russia they have ditched pension money. The Central Bank is also responsible for this reform, as is the government. And it has led to the fact that the state will guarantee only the physiological survival of a person.

Pronko's main thesis is that the mega-regulator in the form in which it exists today must be destroyed. Practice has shown that it needs to be divided or the situation will get worse.

Oleg Sukharev said that according to the results of research, it can be accurately stated that there is no connection between a high rate and suppressing inflation. At the same time, there is a link between the monetization of the economy, its growth and the suppression of inflation.

An increase in the rate reduces both investment and gross consumption, and suppresses demand. As a result, supply is blocked, both in the line of investment and in the line of demand.
The government, while pursuing its sectoral policy, also created preconditions for prolongation of inflation.
"Have you ever seen a scientifically based calculation of inflation expectations?<...> Nothing like this has ever been published!", - said Oleg Sukharev.

The vicious circle of credit policy, according to the economist, looks like this —
- A surge in inflation;
— An increase in the interest rate
— - Rising costs;
- Reduced lending.

Russia is not allowed to create a link between credit resources and industrial capital. As a result, investment decreases, capital efficiency ages and decreases, and the technological level decreases. Thus, we will prolong low competitiveness, and low competitiveness is a precondition for future devaluations.

"Why do we need speculators? Why a mercantile economy on such a scale, when there is a task of technological sovereignty and real production? We need to create credit for these areas, " Oleg Sukharev said.
The economist also presented data showing that the gap between investments in non-financial assets and purely financial investments has been growing since 2000. We have a financial economy. This flywheel is self-sustaining, and it is closed to a high interest rate. A high percentage is essentially an indexation of financial income.

Summing up, Oleg Sukharev noted that it is pointless to nationalize the structure that is inscribed in the Constitution. Since the terms of power were easily extended, it will be easy to change the functionality, content and subordination of the Central Bank.

In the final part, the speakers came to the conclusion that not only the organization of the Central Bank's work, but also economic policy in general, needs to be reworked. Today, Russia faces the challenge of achieving technological sovereignty and development. And it is impossible to solve them without changing the approaches to monetary policy and related industries.
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