A monstrous queue for gasoline in Sri Lanka in default hit the video

Monstrous Sri Lanka Gasoline Queue in Default Filmed

Local Driver Reported He Waited in Line for Four Days and that he had barely slept.

Sri Lanka is in serious crisis due to default. Local residents complain about the lack of fuel, which remains for several days. Others don't have enough money for food, because. entire sectors of the economy have been shut down in the country.

According to one of the local drivers, quoted by the Mash TG channel, he waited in line for gasoline for four days, while “not sleeping and not eating properly”.

In different settlements many kilometers of traffic jams lined up at points, while, as the media learned, from July only emergency service vehicles and specials will receive fuel.

It is already reported that schools in Sri Lanka will be closed and officials will work remotely, from home.

The fuel crisis has also affected tourists, who like everyone else have to queue.

While previously they were refueled offline, now the rules have changed and there is unclear how you can get around in the recent green tourist paradise.

As Forbes reports, back in April it was learned that the country had officially declared itself in default. The lack of gasoline had already started then, and protests have not stopped in Sri Lanka since May.

In the spring, the government led by the Prime Minister resigned . Mass protests intensified as the prospect of famine loomed. Now the authorities have lost support even from former allies.

The country's national debt is $35 billion, of which $7 billion is due to be repaid this year. Inflation, according to the local Central Bank, will reach 40% by the end of the year.

In return, the World Bank refuses to provide money; aid until Sri Lanka begins to pursue “adequate macroeconomic policies”.

The amount of aid that can be given to the country will only be enough for medicine, school meals and aid to poor families and farmers.

< p>Earlier, as reported by the Guardian, Experts spoke of a default in which 74 countries of the world could end up, low income. They believe that the reason – in the post-pandemic crisis and the debts accumulated during the isolation.

In turn, JPMorgan Chase calculated that the consequences of the Russian NWO in Ukraine and the increase in loan prices will lead to a default 10% payment from developing countries.

Earlier, Topnews wrote that the court in Sri Lanka banned the “Aeroflot” leave the country.

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Bloomberg: Russia's first default since 1918

Bloomberg : Russia has defaulted for the first time since 1918

According to American journalists, Russia has defaulted on its sovereign debt in foreign currencies.

The American agency Bloomberg published an article in which it reported that Russia had defaulted on its sovereign debt in foreign currencies.

According to reporters, the grace period to pay about $100 million in arrears ended last night on government bonds.

If payment doesn't #39;has not been transferred, the situation is considered a default.

The agency calls this the first default of the Russian Federation on foreign debt since 1918.

< p>At that time, the Bolsheviks who came to power did not pay the debts of the Russian Empire.

The statements of the agency were denied in Russia.

< p>According to financial analyst Mikhail Belyaev, a default is impossible in Russia, because the country has money, although it has recognized obstacles to payment.

The The analyst admitted the possibility of a technical default and noted that the country could be subject to selective default.

“Default means that according to some rating agencies , we are on the default list, we will not be able to place new issues of our eurobonds”, – quotes Lenta.ru expert.

He noted that this threat would not affect the Russian economy, since now the placement of euro -bonds is generally impossible.

Previously, TopNews wrote that Bloomberg said that Russia is on the verge of default.

American journalists announced a technical default.< /p> Join our VK group to keep up to date with events in Russia and around the world

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Bloomberg: Russia hours away from first default in 100 years

Bloomberg: Russia is hours away from its first default in 100 years

US media reported Russia's technical default on its foreign debt tomorrow, June 27

Russia is “within hours to a few hours of default,” and it will happen for the first time in 100 years, reports Bloomberg.

As the news agency explains, the delay grace period to pay interest on government bonds in the amount of approximately $100 million expires June 26.

If investors do not receive the required funds by Monday, then an “Event of Default” will be recorded and a Technical Default on External Debt will occur on June 27.

This event will occur for the first time in 100 years – the last time Russia defaulted on its external debt was in 2018.

However, under current circumstances, Russian authorities will not formally declare a default, the agency notes.

Recall that in April the United States banned servicing of Russia's foreign debt without renewing a license for holders of Russian sovereign bonds to receive payments. The license expired on May 25.

On May 27, the Ministry of Finance of the Russian Federation announced that the State Settlement Custodian, using frozen reserves, had paid two issues of; Dollar Eurobonds in the amount of $71.25 million and €26.5 million maturing in 2026 and 2036.

On May 30, Finance Minister Anton Siluanov announced that Russia would settle accounts with holders of Russian Eurobonds using a mechanism similar to Russia's ruble gas payment system.

Similar ruble payments were made on eurobond coupons maturing in 2027 and 2047.

At the same time, the head of the Ministry of Finance refused to consider the cessation of payments on the foreign currency foreign debt as a default, since this became impossible due to the sanctions imposed by the West.

Previously, Russian President Vladimir Putin signed a decree on the payment of foreign currency debt in rubles. To do this, ruble accounts of type “I” were opened for all foreign investors without their personal presence.

The next day the Ministry of Finance paid for the first time Eurobonds in rubles under the new scheme.

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'They won't be able to buy what they bought for the past 30 years': Blinken reveals when Russians will feel the effect of sanctions in everyday life

“Won't be able to buy what they've been buying for 30 years

Not all Moscow methods are viable, I'm sure Blinken.

The United States awaits the further impact of Western sanctions on Russia. Moreover, the United States expects the restrictions to affect ordinary citizens.

So said US Secretary of State Anthony Blinken.

The politician took part in the meeting of heads of foreign ministries of the countries – Members of the G7.

Blinken said the West is influencing Russia so that the special operation ends faster. Countries are influencing the Russian Federation with “through unprecedented sanctions and export restrictions”.

According to Blinken, who referred to Congress forecasts, the GDP of Russia will decrease by 10-15% in 2022.

“So far, Moscow has prevented an economic collapse by taking emergency measures to support its currency. But these methods are not viable, as the effect of Western sanctions and trade restrictions begins to fully affect”, – assured the US Secretary of State.

In Russia, in the future, they will stop issuing loans, production will decrease, the shelves will be empty , unemployment will only increase.

The US Secretary of State is convinced that Russia will not be able to build itself military might and maintain a high standard of living for the people – without access to international finance and trade.

Short term, even if Russia will benefit from high oil prices, it will not work in the future. The fact is that Europe is reducing its oil imports.

At the same time, Russia will not be able to replace oil production equipment due to export restrictions< /p>

“I think you will see that the Russians will not be able to buy what they have bought in the last 20 or 30 years”, – added Blinken .

In the United States, they expect Russians to “feel in everyday life” the influence of Western sanctions over the time.

As Topnews wrote earlier, experts are comparing US actions in Ukraine with the policy they pursued in Yemen during the military conflict.

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Media: German Ministry of Finance wants to nationalize part of Nord Stream 2

Media : German Finance Ministry wants to nationalize part of Nord Stream 2

Information about Germany's plans was commented on by analyst Stanislav Mitrahovich.

The German Ministry of Finance intends to nationalize the part of the Russian gas pipeline “Nord Stream-2” that crosses German territory.

Spiegel writes about it, citing informed sources.

According to journalists, the pipes will be needed to pump gas from the floating LNG terminals.

Previously, RWE AG chartered two similar units. They allow the supply of up to 14 billion cubic meters of gas per year.

A negative consequence, according to the publication, is the reaction of Moscow and Russian President Vladimir Putin to these actions of Berlin.

It also requires a new environmental harmonization, as the passage area of ​​the pipelines is protected and any change of route requires further assessment.

The publication notes the need to take into account the opinion of the representatives German companies hoping for the start of operation of “Nord Stream-2”.

Others note that Russia could respond to the nationalization of SP-2 by seizing German factories on its territory.

Germany is discussing such plans in fear of stop gas deliveries from Russia: gas transit via “Nord Stream” has shrunk by more than half, and next month the pipe will be shut down for two weeks for maintenance.

In this context, expert Stanislav Mitrakhovich said that in response to the nationalization of “Nord Stream-2” Russia can indeed nationalize a number of German assets.

“We live in a situation where nationalization has become the norm in relations between Russia and Germany. #39;West. It can take place with compensation, without payment, in the form of a temporary freezing of assets – all sorts of options are possible&#8221 ;, – he said in an interview with RT.

It is sure that these measures will not help to force the supply of Europe to stop not be reduced.

Mitrakhovich noted that Gazprom needs to carry out maintenance of the gas pipeline . In addition, it is necessary to return from Canada the turbines necessary for pumping, and for that it is necessary to lift part of the sanctions of the Western collective.

Earlier, TopNews wrote that Germany was talking about unable to approve the SP-2.

Berlin took this position last December.

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Sberbank will introduce a commission of 1.25% from July 1 for transfers to cards of other banks

The establishment of Credit has set a deadline of July 1.

“Sberbank” announced that from July 1 they are introducing a commission for transferring money to other banks via cards. The same goes for credit institutions and MFIs, where money is received from cards through websites and apps.

As RBC clarifies, we are talking about; operations when a customer in another bank's application selects the option &# 8220; cards from another bank”, then enter the details of the card “Sber”.

As reported by the press service of the bank, the commission will be 1.25% of the transfer amount. You will have to pay a minimum of 30 rubles, a maximum of – 150.

If transactions are made in foreign currency, the commission will be calculated at the bank rate. “Fork” will be from $1 – €1 to $3 – 3 €.

The operator recalled that for a long time these operations were free for customers, but now they have decided to make it consistent with the practice of other credit organizations that have long used a commission when withdrawing funds from their funds.

The publication clarifies that the document, as before free, indicates transfers of up to 50,000 rubles per month through the; application “Sberbank online”.

The second exception – transfers up to 100,000 per month through the quick payment system to customers of other banks.

As Topnews wrote earlier, Sberbank and VTB canceled the transfers currency to other Russian banks. They said they were looking for alternative solutions for such operations.

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Bloomberg: Three Russian tankers missing from radar in mid-ocean

Bloomberg: Three Russian tankers carrying oil disappeared from radar in the middle of the ocean

Journalists speculated about this.

As Bloomberg has learned, Russian tankers have begun to frequently disappear from the radar of special ship movement tracking systems.

In particular, three tankers have already gone missing in the past 10 days.

< p> The Azores which is located 1.5 thousand km away is the last point of a location. away from Portugal.

The disappearance of ships has also been recorded en route to Asia.

It is assumed that the disconnection of Russian tankers from the system is carried out intentionally.< /p>

To hide the resource deposit, a secret delivery of oil to the end buyer through other ships is carried out to remain incognito.

It is at note that such actions were not used before the start of Russia's special military operation in Ukraine.

Such a practice is known to exist in Iran and in Venezuela, as these countries are also currently under sanctions.

Apparently, Russian tankers have adopted a similar trade regime.

Earlier, Topnews wrote that the Russian Federation has stopped exporting oil from Kazakhstan after Tokaev's remarks about DPR and LPR.

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A military expert called the response of the Russian Federation and Belarus to Lithuania for the blockade of Kaliningrad

The military expert called on the response of the Russian Federation and Belarus to Lithuania for the blockade of Kaliningrad

The analyst believes that the measures should not not be military.

Military expert, director of the Museum of Air Defense Forces Yuri Knutov, in an interview with the media, said that Russia, together with Belarus, can give an answer to Lithuania on the imposition of ;a blockade of Kaliningrad.

In an interview with “Ukraine.ru” he suggested that Vilnius wanted to provoke Moscow into a military conflict, but Russia might respond with economic measures.

He suggested that if there were economic levers, one should turn to Minsk and put Lithuania in an economic blockade similar to the one the country organized for the Kaliningrad region. According to Knutov, NATO and the United States support Vilnius, and it is to the West that he will turn in the event of retaliatory economic sanctions against Russia.

Only thus, believes the military expert, can Lithuania reconsider its decision?

“So that more later Lithuania asks the West to allow certain actions regarding the possibility of transporting Russian goods”, – he explained.

As Topnews wrote, last week it became known that the transit of a number of goods to Kaliningrad through the Lithuanian Railways had been stopped. These were goods that fell under EU sanctions. The Russian side declared the inadmissibility of such a measure. And the head of the region, Anton Alikhanov, explained that the ferries will cope with the new load.

As for the transit of petroleum products, it will stop after August 10.

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IKEA has started to reduce the retail network in Russia, terminating rental contracts earlier than expected

IKEA has started to liquidate its retail network in Russia, terminating rental contracts earlier than expected

The Swedish side is ready for heavy fines, but has not closed all stores at once.

IKEA informs Russian shopping center owners that it intends to terminate contracts with them earlier than expected. Recall that the management of the Swedish furniture company announced that it is reducing its activities in the Russian Federation.

Now, according to “Vedomosti”, the furniture chain will be closed. Almost all tenants of the brand have received messages about the termination of rental contracts.

At the same time, the contract is unilaterally terminated, the publication's sources specify, which means that the party Swedish is ready for large fines.

Only in Moscow, IKEA was represented in ten local shopping centers. On request “Vedomosti” in one they said they really got a letter.

In another, they denied the information, explaining that, most likely, the closing process will take some time and will not be simultaneous. Or we are talking about some kind of priorities in reducing activity, which allows us to keep some stores for the time being.

According to the publication, the Swedish company has 26 stores of various forms in 12 Russian colonies, work in them stopped on March 4.

The fact that the retail business is closing has not been officially confirmed by IKEA, stating that such a decision “is on hold”.

Recall, as Topnews wrote, his departure from the Russian segment of the company, the Swedish side announced on June 15 . It was announced that production would be stopped at four Russian factories and their sale.

Unsold items were to be sold to employees and customers of the company.

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Sberbank and VTB canceled currency transfers to other Russian banks

Sberbank and VTB canceled currency transfers to other Russian banks

Customers began to complain about the new restrictions.

Sberbank and VTB customers cannot transfer currency between Russian banks. The call center explains that the restrictions are related to the “current situation”.

According to RIA Novosti, consultants say that Sberbank cannot “guarantee that a currency transfer to another bank will be with you”. Call centers advise to convert the money into rubles, and then transfer it.

Sberbank now transfers only in rubles – no one was able to orient themselves in terms. As soon as restrictions are eased, banks will resume currency transfers.

VTB has the same situation – currency transfers have been stopped. The call center also did not give a date when the option would be reinstated.

The state bank says it is looking for alternative channels for these transfers.

Meanwhile, payments are available for Russian customers – VTB in Belarusian rubles, Kazakh tenge, Armenian drams, Azerbaijani manats.

Legal entities can also transfer in Vietnamese dong. Under the trade agreements, companies can transfer money in Chinese yuan and Indian rupees.

The press service of the Moscow Stock Exchange, which includes the National Settlement Depository, said that there was no information about restrictions on currency transfers between banks. .< /p>

Earlier, Central Bank chief Elvira Nabiullina said that in the face of sanctions, banks in Russia should limit their currency position as much as possible. Banks will continue to reduce the volume of foreign exchange transactions, they may not even offer such products to customers.

As Topnews wrote earlier, in the face of sanctions and difficulties supply of equipment, mobile operators in Russia began to charge money for issuing SIM cards.


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