Sun. PM KTFA News Articles/Thoughts 4-17-22

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KTFA

Samson » April 17th, 2022

Russia sells its oil about $29 less than Brent crude

17th April, 2022

Official figures showed that Russian gas exports to Europe declined in the last five months, and the prices of Russian oil contracts recorded a noticeable decline

The Russian “Gazprom” company said that the volume of exports to Europe and Turkey decreased by 26.4 percent between early last November and the middle of this month, compared to the same period last year

Russian oil production lost more than one million barrels per day in the first two weeks of this month, recording a decline of 7.5%, to stop at 10.2 million barrels per day

At the same time, the Russian Ministry of Finance reported that the average price of Russian Urals crude amounted to about $80 during the month ending April 14, which is about $29 lower than the average price of Brent crude, which is the main international standard for the world oil market LINK

The Russian President Signs A Law On Dealing In Rubles With Foreign Investors

17th April, 2022

Russian President Vladimir Putin has signed a law providing for the settlement of ruble transactions with foreign investors in the private sector in the field of building liquefied natural gas cargo ships and shipping services.

The law stipulates that prices for services at the port, such as loading, unloading and storage of liquefied gas produced in the Russian Arctic, can be estimated in foreign currency, while payments for these services will be only in Russian rubles.

This step aims to reduce the risks of implementing LNG projects related to fluctuations in foreign exchange markets.

Currently, projects are being implemented on the Yamal Peninsula, in the Kamchatka Territory and Murmansk Region, for the construction of offshore LNG transport complexes.

These complexes will store and transport LNG using floating gas storage facilities, as well as offshore sites for ship-to-ship LNG transshipment.   LINK

Clare » April 17th, 2022

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Samson » April 17th, 2022

An Economist Determines The Dollar Exchange Rate In The 2022 Budget

17th April, 2022

\On Sunday, economist Basil Al-Obeidi set the dollar exchange rate in the 2022 budget.

Al-Obaidi said, in a statement to the “Information” agency, that “the exchange rate has nothing to do with preparing the federal budget, since the Ministry of Finance is responsible for its numbers, and it is the one who makes estimates of revenues and expenditures based on the contexts in which it operates,” noting that “any budget that is formulated for the year 2022 will be the adoption of a price the current dollar was exchanged without any change.

He added that “the political blocs can pressure towards changing the current exchange rate in a way that strengthens the dinar, which is what some expect and wish, given that most of the political blocs that entered the elections raised this slogan.”

And he indicated that “the exchange rate will remain unchanged, and everyone’s justifications are logical. The Central Bank will argue with its agreement with the World Bank, and the Ministry of Finance will say that it compensated the poor with paragraphs that support the ration card and social protection.”

He pointed out that “the opinions of experts and consultants who support the policy of stabilizing the exchange rate may appear because its change causes damage to the national economy,” excluding “a change in the exchange rate during 2022.”  LINK

Deputy for the Coordination Framework: We are looking for Al-Kazemi to remain Prime Minister for the next stage

17th April, 2022

The representative of the State of Law, inside Radi, confirmed today, Saturday, that the continuation of the political blockage may lead to a discussion of the continuation of the current government until a way out is found.

Radi said, “The current government is a caretaker government and it is proceeding according to the administrative contexts entrusted to it, but discussing the matter of continuing to perform its work until the next elections may be the subject of discussion among the political spectrum if the current political blockage continues.”

And he indicated that “despite the different visions and the adherence of the political blocs to their positions, there is an active political movement in the political arena and an attempt to break the current stalemate, and there are serious and effective dialogues led by some blocs and independent personalities. politics on the right track.  LINK

Source: Dinar Recaps


Clare » April 17th, 2022

A Leader In Al-Barti Reveals A “Hidden Movement” That May Lead To The Formation Of The Government Before Eid

The leader of the Kurdistan Democratic Party, Mahdi Abdul Karim, revealed, on Sunday, the existence of a hidden movement taking place between the current political poles to address the political blockage, indicating that the movement may lead to the formation of the government before Eid Al-Fitr.

Abdel Karim said in a statement to / the information /, that “the dialogues are currently frozen between the political forces, but there is a hidden movement that is taking place far from the scenes, the experience of international and regional parties and with great pressure on the All political forces to overcome the political blockage.”

He added, “Pressures will lead to large numbers of seats joining the national majority, to reassure everyone, with an understanding of naming the next prime minister from the Shiite party more broadly.”

Abdul Karim explained, “The next few days will witness the start of all political blocs to conduct negotiations to resolve the political crisis,” stressing that “the formation of the government will be announced before the end of the blessed month of Ramadan and the advent of Eid al-Fitr.”

Qatari Al-Samarmad, a leader in the Progress Party headed by Muhammad Al-Halbousi, revealed in a previous statement that there was pressure from the party’s masses and the majority of its leadership on Al-Halbousi to withdraw from the Triple Alliance due to the violation of the powers of the Speaker of Parliament by the First Deputy Hakim Al-Zamili.   LINK

Source: Dinar Recaps

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