Markets news | Press review: AFK Sistema, Rusal, gold, cryptocurrency - 01/11/21

The Ministry of Finance offered oil workers new benefits

The Ministry of Finance has decided on adjustments to the tax regime foradditional income (NDD) for the oil and gas industry.The planned changes to this, in fact, preferential taxation format for certain fields on Friday, October 29, were presented by Deputy Finance Minister Alexei Sazanov at a closed meeting of a special working group under the State Duma on taxation of the oil industry. The position of the department was formulated in a letter from Sazanov to the chairman of the State Duma committee on budget and taxes, Andrei Makarov. The Ministry of Finance distributed the document among the members of the working group before the meeting.

www.vedomosti.ru/economics/articles/2021/10/31/893814-minfin-predlozhil

Investors reduced interest in gold in 2021

Investor interest ingoldin 2021declines, they go into more profitable investments in cryptocurrencies and commodity assets. This year, 568,888 positions were opened on the global gold futures market in January, and 507,113 in September. At the end of 2020, investment demand amounted to 48% of the total demand for the metal, and in the first half of 2021 its share decreased up to 25%, NRA analysts say. The main consumers of gold are jewelers (48%), the share of central banks is 18%. First of all, investors preferred the more profitable cryptocurrency market, agency analysts note. They recall that at the end of August 2021, the volume of the cryptocurrency market exceeded $2 trillion, which is 10 times higher than the gold market.

www.vedomosti.ru/finance/articles/2021/10/31/893815-investori-snizili

Banks exhausting economic recovery effect

In September, the net profit of Russianbanksfell for the first time since June, falling by almost 20%below the August result. The number of profitable banks also decreased over the month, and some large players showed a sharp decline in profits. As experts explain, economic recovery no longer supports bank profitability as much.

www.kommersant.ru/doc/5060811

Cryptocurrency is waiting for the emergence of specialized ETFs

At the end of the week, the cost of ether, the second highestcryptocurrency capitalization, updated the historical record, exceeding $4.46 thousand. The cost of Bitcoin, which updated the historical record a week ago, remained far from the maximum. Investors expect it to come soonETFfocused on ether futures. As a result, its price can reach $ 5 thousand in November.

www.kommersant.ru/doc/5060273

Rusal paid off VIM-Avia's debts. The company is trying to complete the purchase of Bratsk airport

The seizure of the property of the Bratsk airport should be lifted, since the salary debts to the ex-employees of VIM-Avia have been repaid, according to the lawyers interviewed by Kommersant. This can unblock the purchase transaction "Mermaid"Bratsk airport, formerly owned by VIM-Avia: the aluminum company has already transferred the money, but has not yet received the asset.

www.kommersant.ru/doc/5060843

AFK turned out to be associated with the production of "Arkhyz"

UAFK "Sistema", which owns a share in the businessproduction of "Essentuki", there were contacts with the company that produces "Arkhyz". The corporation's structures turned out to be creditors of the project and, according to Kommersant's information, actually manage the business. In the future, Sistema may convert loans into shares and combine the distribution of Arkhyz with Essentuki.

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