uh, for comparison, a year earlier, the price was 12.5 and 24 1/2 euro cents, respectively, not the best situation and in other european countries, inflation in britain germany has reached the highest level in the last 40 years, german economists are calling for a solution to the problem at the expense of pensioners a combination of an aging society high levels of debt and the energy transition will pose a growing threat to price stability in the coming years problem. it could be softened up a bit. having retired. later they happened to inflation, they say the us administration is advised to send billions of dollars to support ukraine and the needs of its own citizens. otherwise, it will be a threat to national security and even the financial collapse of the united states, we cannot. bankrupt your own country by engaging in yet another foreign conflict amid a 120% gdp public debt, runaway inflation and massive supply chain disruptions not seen since the 1980s. the united states

must first ensure that its own the economy became reliable and only then to help other states, but the white house still talks about sending weapons to ukraine, however, not thoughtless , according to politics can be used to strike at russia anna voronina was abruptly born to lead. then our broadcast will continue the program of the fifth studio, i give the floor to my colleague alexander koreevsky alexander yes ver thank you very much, the fifth studio is airing we this topic. uh, today we would like to discuss. that's what alexander valentinovich nova just told about the situation on our air live from the situation in the current and certainly. there are a lot of facets here, but different ones, but i would like to start with the following, there are nuances

that, in fact, a-a, require a separate discussion. we are talking about what is the root of the problem. the russian economy has been very strong in recent years. integrated into the world. this is how the situation has developed over the past 30 years, and certainly our e, even strategic industries have had and still have great interconnections in the world. but as you all know perfectly well , the situation has changed, all these relationships are changing now. well, first of all we are talking about the so -called unfriendly countries. which, uh, have now announced to us various uh, sanctions and many companies from these countries that have been actively working in our country for many decades. suddenly they didn’t want to do it, it’s clear what they were doing. they are under political reasons, there is no economic expediency in this, but uh, nevertheless, the fact remains, and this is especially true for our e strategic industries, because if

a company that produces uh, big macs or some other edible things leaves. this is easy enough to do. as for gasoline and other e- energy carriers, everything is more complicated here, however. we, as already stated, are one of the leaders. e in this sector, a in the world and certainly. uh, this situation requires prompt solutions. including at the legislative level, in order not to interrupt the sustainable operation of our tetaka and ensure stable energy supplies to the domestic market. on the external side of the government, therefore , the government has received a legislative bill, which provides for external management of foreign assets in the teki and the military-industrial complex. well, today we're going to focus on the tech, uh, because, uh, many dozens of companies of small companies, medium companies, large companies,

worked here with us and therefore many of them now e go away shell fortum is the electricity ethic and other companies from mini fuels energy complex we are aware of the same, and therefore raise the question. what to do with them? how to be, but this bill involves external asset management, but in order for the owners, but, apparently, to be able to decide. and what should they do in the future, but let's know, ask one of the authors. draft law mikhail starshinov is in touch with us mikhail evgenievich, hear us. good morning. and mikhail evgenievich, let's tell the viewers. why did it become necessary to add this bill, which concerns various sectors of the russian economy, to add the tag and the defense industry, how did it happen that we are talking about such main sectors of our country. you suddenly forgot about this bill. firstly, this

is the most important thing. you said that this is still a bill. all this is not legal, so you can add or remove anything from it, and i think, i really, hope that this will happen after all. uh, serious the content of the discussion, uh, and the bill itself, because it appeared, because the situation is completely unprecedented. and i'll tell you honestly, i don't, so to speak. hmm, i don't pretend to. eh, i am sure, as my colleagues, that the version that is now presented, including for your judgment, is ideal or final. eh, again, the situation is unprecedented. we have never come across this and uh, in fact i uh

believe that uh this bill is the first and very sensible attempt to give, uh, what is happening events. well, how much it will still turn out to be a civilized form, and unlike our e, western colleagues, we propose to play e, but with understandable rules. let's clarify the situation once again, the situation is that our former western partners, probably, have already dared them. you can call it that. now. maybe they will be offended, ah, they actually pretend to take over the raid and do it of our assets abroad. and this is gazprom germany an example. this is poland, that is, in fact, we are talking about confiscations, it is austria that is threatened there take away our gas storage. well, and so on. what do we propose for this bill? so i, to one degree or another, tried to formulate

, i repeat, once again, after all, we propose to play by the rules and the cult. soon we are being forced. we propose to create these rules, and to present them, to our partners there, or whatever. you can call them so that it does not happen in such a volunte. way, how does it happen? uh, sorry, and i had probably misunderstood the question. and what exactly is proposed, but this external control. what is it like this? will it be an opportunity for the owners, for now, the owners of these assets of the current foreign owners of russia, to buy out the opportunity in the future, of course, of course. all this is included in the bill. i want to say again. i very much hope that we will have all this meaningful dialogue. uh, including from the representatives. i hope if they are interested,

including here representatives of western companies with e. there are a large number of chambers of commerce and industry that have been operating in the russian federation for many years. i really hope that they take part in this discussion and express their opinion. if you have any comments or suggestions. eh, and so on. and uh, i want to underline again. whatever , in general, well, it seems to me that we look in a much more favorable light. uh, because once again i want to say, let it be there rules that may not be to everyone's liking. but this is understandable and the rules are a proposal to regulate the current situation in an understandable way. and what is happening now, including, unfortunately, abroad. well, frankly, you know legal nigerian. and by the way, very interesting. here, in addition to all these declarations now, what will they take away

? this is how it will take shape from a legal point of view, something that is now very loudly declared at all levels, including by our foreign parliamentarian colleagues. so i really really wanted to look at the legal side of the issue, how will it be? 'cause honestly, what's going on, but that's what you know, it's not even that there they are sawing the soup they sit on, but they are killing the legal foundations that they have been creating for centuries, yes, mikhail evgenievich, you are absolutely right, moreover, the united states secretary of the treasury, an engineer, ate enlightenment recently. i don’t know, maybe this is a temporary phenomenon, she said that the arrested and the assets of our central bank, our financial assets abroad, cannot be

confiscated, because there are no such laws , i want to ask, but from the laws that arrest can be done according to canadian reasons and yet mikhail evgenievich you are the first deputy to the representatives of the state duma committee on security and anti-corruption. uh, why are you participating in this uh bill? because i'm a deputy no , it's understandable, but nonetheless. i do and i'm just hinting, if there are any issues that this bill will very much hope, i really hope that these issues will not arise. a, but if suddenly a still at someone, and not turn out to be, then we will be happy, including at the site of our committee, to discuss providing comprehensive assistance promotion support, as a domestic or foreign entrepreneur. we are always ready for dialogue and constructive meaningful conversation.

we really want everything that happens to end happily for all market participants. yes, mikhail evgenievich, thank you very much. we will not delay you any longer that you found the time and in such a not very convenient disposition we had a talk, but we found the time and, of course, a very important bill that needs to be discussed. such is leonid viktorovich in touch with us hello, what do you think, after all, is it necessary should we be so scrupulous in these matters? wouldn't it be easier to act in the same way as u.s. operate abroad with our assets. well, i agree that it works on the other side. just as it turned out that there are no rules for financing investment , there is a commissar in a leather jacket with a mauser who commands and submits to him the entire business, both finance and production in the west, does this mean that we should act this way? i

think that in a war it is acceptable. that's all i would say about this bill, i would add a few more points in the first one, i would introduce a moratorium on the alienation of property or withdrawal from capital, because in the joint venture, uh, where foreigners participate, obligations were assumed by two parties and one party. suddenly, these obligations are interrupted and he says that we are all curtailing. the government is demanding here. that is, they have risks, who created these risks, their own government created these risks, yes, and therefore they should be responsible for them. they are the second to be introduced here. so i would stop and establish a moratorium on the payment of dividends to foreign participants. e in ours. why because, firstly, there is a presidential decree on the provisional procedure for the fulfillment of financial obligations in the field of corporate relations with foreign creditors from unfriendly countries, when dividends and profits are withdrawn to the accounts of the workshop, which they cannot work, that is, it can be invested to work? all federal laws can, but, i ca

n’t withdraw abroad, i can’t buy foreign currency through the moscow exchange, because in fact we are talking about the fact that before that the model worked as a foreign investor, not so much invested. how much capital was withdrawn from russia and this is taken along the general flow. how many came. how much came out, that is, foreign direct investment was much lower than the outflow of capital from russia, that is, in this sense, russia worked for the world economy to a greater extent than they did for us, and this also needs to be taken into account here, there really arise these risks. that is, it must be codified at the level of law. i think, that is, it should be carried out by presidential decree through the government. these are the measures that are proposed. because e logic is iron. yes what is more important for any country. uh, the national regime uh, the national goal on the security of this country, that is, sovereignty or the implementation of certain e rules of the international market, which is usually established as a result of power parity, if in the international market,

then the question arises, who has the mandate to enforce order of the united nations or nato, the united states, we now see that it is not the un security council that does not participate in this matter, then these rules are not universal. they are and protect the interests of the west united by the us and nato participants. and it is also necessary for oneself to clearly realize at an analogous level who should pay for these proteins. now they are trying to put all the blame on the russian guys. we didn’t impose sanctions, we didn’t start this kind, that is, these risks are created by the political institutions of the west, that is, they should be responsible for this. they must compensate. but this is the logic of the west, they must pay for everything. we impose sanctions on, that is, like we violated our national political interests there general world order. and it was not like this even at the level of the conference and the secretary. this is the un trade and development in its report. e, 2014, they stated then that the

welfare of the countries of the west a was not created purposefully, some kind of game of the domestic market, yes, but a purposeful redistribution of world resources in their favor. that is, it was created politically with the help of protectionism, and for developing countries. after it was created. this superiority was offered e was proposed to abandon the protectionism of the way means the achievement of national interests to please. that same influx of, uh, direct investment. that is, we will provide you with growth with our finances, but for these finances you must unfasten constant interest to us. here's what the model looked like and how it worked. here uh, hmm promised and but actually i say. the current was above the rod of the model was actually an exchange. e-e financial methods to accompany growth for real resources growth for labor and raw materials for oil for gas for e, rare earth metals for titanium for uranium for coal. i’ll add more

food to everything earlier. it is also a strategic resource. or rather, even. maybe it is not yet known what is more important to be hungry or to be cold at the same time for sure, while e protectonism at the moment when the united states and the west were ahead of developing countries in development, and it was declared, by some kind of economic totalitarianism, the cause of underdevelopment. well, as soon as the west began to lose in the economic race to china, india, and not immediately russia, they immediately turned on their protectionism, because political sanctions and what we see today is the game of political methods in our favor of the national interests of the west and we must be clearly aware of this for ourselves. and leonid is theirs. let's do it again, and let's center, we went from the particular to the general, it is clear that these things are extremely interconnected, about which you just said very important. and i would like to return a little to the bill, but here is the spirit of this bill. and he once again, so that it is clearly clear what needs to be done directly, literally, in a

theses, so that we defend, first of all, our the interests of their companies, not western ones. now we are also being told you don't give us grain, that's why we're hungry. maybe you do not give, but impose sanctions, maybe because of this hunger i want to ask our former western colleagues. here, let's once again, what needs to be done on this bill agree, that is, the summer bill. we need to put the national interest. economic political is above the rules and interests of the world or global market, that is, in the mechanism in which we existed, which was spoken by some global a market, yes, in which everyone played their part. it collapses, so in the first place. and there must be our interests, which means, i repeat once again, all the investors who came here under certain obligations and under certain uh, so, for their part, obligations. they should be subject to a moratorium on their property on any transactions with this, which is what is said in the jurisdiction of the external administration. yes, let them have the opportunity

to return. yes their profits their dividends must remain domestically and be spent on the interests of this country, that is, russia, are ours and the growth of our domestic production. yes, if the situation returns to zero, from which it began, which i do not believe. that should be all reporting to those investors. whose property was frozen here, what can i say? here are the guys. look, your money is spent on growth, look. here's how he grew up. ah, production. here's how the revenue grew. here's how the profit grew. yes, this is taken into account as an investment mechanism that was invested. you, among other things, invested not yourself, but with the help of your resources. i'm sorry to interrupt you, i understand your main idea? we are just running out of time. we need to talk with valery andrianov about the need to make sure that the money stays here and works for us. and, if suddenly the western partners remember that they also want to participate here, then let them come with new money and and where their money is spent, i see, valery valentinych. have us hear, yes heard. and

what do you think, that's really thesis we have three and a half four minutes. what's in this bill should basically be like to protect our interest, it really is. i agree that it is necessary to limit the moratorium on the e withdrawal of foreign companies from capital from projects that they implement in russia, e, on the one hand. this is really important for russia's security. and not only economic security is important here. industrial safety is important here, technological security of russia is important, many projects were implemented, as if jointly on the basis of combining competency technologies and so further. and this is somehow illogical when, say, one company withdraws from the project and, let's say, takes it away. part of this foundation, on which the entire business was built, therefore, of course. eh, there should be such a moratorium, but on the other hand, such a moratorium, it seems to me, will be useful for foreign companies themselves. uh, since it was correctly mentioned that many companies leave russia against their will, such commissars in leathers really come to them, who say, let's get

capital out of each russia. here if now they are somehow forced to listen to the opinion of the state department and similar structures, now they will have an argument on the occasion of the adoption of the relevant bill in russia. we cannot leave russia does not allow us. this is national law. we will lose everything, that is, the ride, even if we wanted to, we will not be able to do it. i think that private business abroad will even be happy with such a bill. here is the second position, which was also correctly mentioned. it still needs to be preserved. uh, accrual dividends. this is in accordance with the rules of international business. it is impossible to refuse this, but at the same time, these dividends must be sent to special accounts. and from these accounts , finance from those projects that are often used by western companies, that is, this money should go to refinancing purposes, and again. i think that western companies will also be happy about this when, let's say, everything calms down, when the situation returns to normal , and they will receive, let's say, a share in the project,

which has developed significantly since they say, so they sat with their hands folded. that's a lot of thanks. these are the dividends that went to the development of this project. that is, not only do they not lose anything, they will also receive more advanced ones that are already more developed according to the project. and this will certainly also be in their interests, that is, the bridge is that yes, this bill is needed. these are seemingly strict measures, but this does not mean any kind of restrictions for western business. this is in the long term some kind of let's say a trade war. no, on the contrary this is a bill, it will meet and interest. e long term. in one collaboration, well, he just puts a spoke in the wheels of those destructive forces in the west, which is trying to use political leverage in order to put pressure on russia in order to inject their capital from here without any economic justification, and valery alekseevich that is i understand that your idea is that

we should be decent people. yes, we are introducing restrictions. yes, we are engaged in defending our interests behind him, but we, uh, are not engaged in weaning someone else's property, as our former partners do, who teach us how to live. and i understood you correctly. yes, we simply use adequate political instruments in order to protect our interests. we do not pursue the goal of somehow putting pressure on western business, unlike ours. as you said, thank you. i understood you. thank you very much for taking the time to finish our issue. all the best. now the latest data from the ministry of defense on the progress of the special operation to protect donbass