What's more on the radar?

Death of crops. Bashkiria has introduced a emergency regime due to waterlogging of the soil, from of which crops died on an area of about 200,000 hectares. On Monday, August 19, Minister of Agriculture of the Republic, Ilshat Fazrakhmanova reported that a third of the winter crops were harvested, another third died, and the rest of the crop "is planned to be harvested if available opportunities." By August 23, 11% of grain and leguminous crops were harvested in Bashkiria.

You make a big mistake! Another billionaire whines that oligarchs are powerless to influence Putin, and therefore the West has made a "colossal mistake" by imposing sanctions against russian businessmen for political reasons. It's just unfair. After all, they have built multinational companies, actively invested abroad, and now they have to work only within the country. Usmanov, the oligarch with a fortune of $ 13.8 billion, was included in the sanctions lists of the European Union, Great Britain, Switzerland and the US.

Earnings of russia's mining and metallurgical giant Norilsk Nickel fell by 22% in the first half of 2024 year-on-year against the backdrop of lower prices for basic metals, logistical difficulties, problems with cross-border payments and export duties. Norilsk Nickel was not directly affected by Western sanctions, but faced with the problem of importing equipment, "voluntary sanctions" of partners and other global restrictions.

Russian companies will be forced to pay a fee to the state for the use of foreign software. Minister of Digital Gulag Development Maksut Shadayev said that the bill will be introduced to the State Duma in September to "equalize" the conditions for the implementation of foreign software with russian. He also stressed that the Ministry of fancy Financials is working on the issue and that the new fee will not affect small and medium-sized businesses, and budgetary organizations.

India surpasses China to become Russia's top oil buyer in July. Russian oil accounted for 44% of India's total imports last month, reaching a record 2.07 million barrels per day, up 12% from a year ago. Indian refiners have been gorging on Russian oil sold at discounts after Western nations imposed sanctions against Moscow, and their demand will continue to grow until sanctions are further tightened.

Russia's richest and most mysterious oil company has become unprofitable and has classified almost all financial indicators. The fourth largest oil company in terms of production and the first in terms of cash in its accounts, Surgutneftegaz, decided to classify the vast majority of financial indicators. In particular, Surgutneftegaz does not disclose revenue, cost of sales, selling and management expenses, as well as income from subsidiaries. The company's long-term and short-term loans, the volume of assets, cash reserves and even the authorized capital were classified.

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