Russia Economy Thread
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They are adding 1200 EV Bus to Moscow fleet through 2023-24. 1055 already in the fleet.
This new bus from GAZ with diesel engine and auto transmission. The interesting feature of this bus are the two large doors in the center with largest low floor area in its class. this helps in 30% faster entry-exit . the front axle moved much further into the front but still maintain 8.8m turn radius. There other features like extensive composite materials in construction.
They will create Arctic version once they have the batteries.
has agreed to purchase 1,200 new electric buses. This was announced on March 9, 2023 by the deputy mayor of the city for .
According to him, these electric buses will be delivered to Moscow by PJSC and Group. Liksutov called this contract the largest single purchase of electric buses in Europe. Transport will be delivered in 2023-2024.
Maxim Liksutov also said that in 2023 Moscow will continue to develop the charging infrastructure for electric transport and open a new electric bus park in Mitin.
On behalf of Moscow Mayor , we are developing environmentally friendly urban transport that does not pollute the environment and increases the comfort of travel. In 2022, the largest electric bus park in Europe, Krasnaya Pakhra, was opened in TINAO. Electric buses first went to New Moscow. Another 8 electric bus routes were launched in different parts of the capital, more than 6.7 million passengers have already used them, - said Maxim Liksutov.
This new bus from GAZ with diesel engine and auto transmission. The interesting feature of this bus are the two large doors in the center with largest low floor area in its class. this helps in 30% faster entry-exit . the front axle moved much further into the front but still maintain 8.8m turn radius. There other features like extensive composite materials in construction.
They will create Arctic version once they have the batteries.
04/07/2023
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in March the budget was closed with a small surplus of 183 billion rubles. This outcome is very different from the situation in the first two months of the year. In January, the monthly deficit amounted to 1.65 trillion rubles, in February - 933 billion rubles.
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In a closer comparison - with the same period in 2022 - budget revenues in January-March 2023 fell by 21%, to 5.677 trillion rubles. With non-oil and gas revenues, the situation is better - minus 3.5% compared to last year, a total of 4.042 trillion rubles was collected.
The main tax in this part is VAT, and it received the same amount as a year earlier - 2.693 trillion. The Ministry of Finance explains the general reduction in non-oil and gas fees by the January one-time refund of overpayment of income tax for previous periods.
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With taxes from the production and sale of oil and gas, the situation has been consistently bad since the beginning of the year - now it is minus 45% compared to the first quarter of last year. Total oil and gas revenues collected at 1.635 trillion rubles.
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The reasons for the collapse are well known - the fall in prices for Russian Urals oil to less than $50 per barrel and the contraction of gas exports after the actual loss of the European market.
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The expenditure side of the budget in the first quarter moved in the opposite direction to revenues - spending compared to the same period in 2022 increased immediately by 34%, or 2 trillion rubles, to 8.077 trillion rubles.
...
Changes in the execution of the budget are also possible in terms of the revenue side. The authorities expect that against the background of the rise in world oil prices caused by the OPEC + decision, a new formula for calculating oil taxes will work - already in April, taxes to the budget will be calculated from the price of Brent minus $34, then the discount will decrease down to $25.
In March, budget revenues began to catch up with expenditures
After a dramatic start to the budget year with its huge deficit that scared analysts, the situation with income and expenses stabilized in March. A small surplus was recorded last month, which reduced the budget deficit accumulated in the first quarter to 2.4 trillion rubles....
in March the budget was closed with a small surplus of 183 billion rubles. This outcome is very different from the situation in the first two months of the year. In January, the monthly deficit amounted to 1.65 trillion rubles, in February - 933 billion rubles.
...
In a closer comparison - with the same period in 2022 - budget revenues in January-March 2023 fell by 21%, to 5.677 trillion rubles. With non-oil and gas revenues, the situation is better - minus 3.5% compared to last year, a total of 4.042 trillion rubles was collected.
The main tax in this part is VAT, and it received the same amount as a year earlier - 2.693 trillion. The Ministry of Finance explains the general reduction in non-oil and gas fees by the January one-time refund of overpayment of income tax for previous periods.
...
With taxes from the production and sale of oil and gas, the situation has been consistently bad since the beginning of the year - now it is minus 45% compared to the first quarter of last year. Total oil and gas revenues collected at 1.635 trillion rubles.
...
The reasons for the collapse are well known - the fall in prices for Russian Urals oil to less than $50 per barrel and the contraction of gas exports after the actual loss of the European market.
...
The expenditure side of the budget in the first quarter moved in the opposite direction to revenues - spending compared to the same period in 2022 increased immediately by 34%, or 2 trillion rubles, to 8.077 trillion rubles.
...
Changes in the execution of the budget are also possible in terms of the revenue side. The authorities expect that against the background of the rise in world oil prices caused by the OPEC + decision, a new formula for calculating oil taxes will work - already in April, taxes to the budget will be calculated from the price of Brent minus $34, then the discount will decrease down to $25.
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Russa efforts about diversifying away from West towards South. we have to see whether Iran has same competence level as Turkey in implementing infrastructure projects. The other is visit to textile mill in Uzbekistan and Russia companies working there. This easy flow of people in CIS is like European Union.
They are expecting at least 750 helicopters for air transport industry. previously they added large quantity of Air ambulance helicopters with some have capability of incubators for newborn. overall Helicopter industry will grow larger when you think about the military side replacement after Ukraine and key role it plays there.