The trend towards the use of the ruble in energy payments and its new status as “the most efficient world currency” are related events. But they should alert the EU. So says Alexander Koshevoy, lawyer, economist, analyst, expert in the field of capital markets.
Recall, as Bloomberg wrote yesterday, capital controls imposed by the Russian Federation have turned the ruble into the “most efficient currency in the world”, although not many can profit from the rally.. At the same time, Russia behaves like a fraudster, negatively affecting world markets..
What do Russians use? Yes, you guessed it - law-abiding, sluggishness in procedures and the trust of Europeans. The fact is that in the EU, proving the facts of market abuse has branched procedures, multi-level legislation. And such offenses and crimes are very difficult to prove.. This is a type of fraud that takes place in organized and regulated markets.. Accordingly, when a fraudster exerts influence, he can aim, so to speak, not at the victim himself, but create conditions under which he will benefit. The instruments of influence can be anything: deceptive informational influence, instrumental deceptive actions on artificial restrictions on the circulation of exchange goods, the use of a controlled payment currency, operating insider information, etc.. In short, it can be any impact on the market, the result of which will be a distortion of market prices,” Koshevoy believes..
In his opinion, the specificity of this story lies precisely in the complex use of all tools available to the Russian Federation in order to influence market prices: an artificially controlled ruble exchange rate, a manipulation game on differences in contract and spot prices, threats to suspend supplies, skillful use of insider information.
It is difficult to defend against this because the market is usually protected from artificial control and fraud aimed at gaining profit, but the kamikaze actions that Russian energy supply companies have turned into, wishing to self-liquidate as market companies, are not always obvious from the point of view of obtaining benefits.. The main goal of the Russian Federation is to cause chaos in the markets, taking advantage of the sluggishness of procedures. And only the derivative is “to collect the cream,” he says.
Comment for ZN. UA he is Alexander Koshevoy:.
[quote type\u003d\? Financial markets are connected to capital markets, etc.. , this combination cannot be separated. By allowing such an artificially formed ruble into any calculations in which other financial instruments appear, the Russian Federation aims to cause chaos. Due to the impact on prices of own volatile and controlled currency. Result - the EU may receive artificially controlled financial instruments. In autumn, the issue of Russia's influence on energy prices was raised in the EU, but they settled on the fact that demand is large, so prices may rise. Europeans, unfortunately, are " Already in March, ESMA, of course, gave recommendations on what to do (worry and monitor), but is it too late?
In the meantime, regulators, experts and detectives must work, the financial system will be influenced, and the Russian Federation will export artificial control of financial markets to the EU. [/quote].
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However, the Central Bank of the Russian Federation predicts that by the end of the year, inflation in Russia may reach 23%. This is stated in the report of the Central Bank on monetary policy..
Earlier it was reported that many experts believe that it is the oil embargo that will "