which are now somewhat blurred. uh, here is the effect of the transfer of the fastening that happened from uh smart to june and according to the transaction through bc and expobank, we have not received such statements by agreement. the next question is online and igor lavrenkov business publication avant-partner, kemerovo and how much, according to the bank of russia , did the socio-economic situation in the regions begin to differ due to sanctions pressure, which of them began to lose more, who feels quite stable, but really the right question for us situation is different in different regions. uh, it has a lot to do with the structure of the economy, not a lot of it has to do with the structure of the economy. uh, vuh in certain regions, for example in the northwest, where there was a large share of the

traditionally large share of companies that are oriented to european markets. uh, as a result, there is a stronger under there, because these companies need to reorient themselves to other markets in the asian markets. this is more hmm long arm of transportation. yes, and hmm, it’s clear that the business plans of the company here must somehow way to converge as well, but there are regions that are more heavily fought. uh, trade already in the asian markets. yes, they suffered less or to the domestic market, for example, we see that the south of russia, where there is a strong agro-industrial production, a tourist cluster. hmm, and a high share of medium-sized small businesses. uh, they are experiencing a smaller depth of recession, by the way, you can look in more detail about the heterogeneity of the regions in our report on the regional economy. and we

publish it on the eve of a quiet week of silence. and that's where the difference is and uh, a description of what's going on in the regions, how the company is adapting can be seen. thank you yes christopher please, i see you have been pulling your hand for a long time, please, foreigners have russian treasures and about how local banks conduct, as if they don’t need this money, but citizens don’t have access to it. that's why then you can't just have people collect this money of yours and put it under the mattress then once the state doesn't need it and the bank needs it. that's the first question. it turns out that the russian federation under the state of afghanistan own then replaced can not

access their money. knot go half a year. they who had to compensate? this is when you can even find money to get me asked to ask, in short, the russian language is here. well, really now the banks are not very interested in having. ah, foreign exchange. this is so, so they charge all sorts of commissions for e, and for transfers and for e-e attracting these funds for transfers, these are, by the way, forced measures. this is not because they want to make money on this, this is a consequence of the sanction. the currency needs to be transferred and, uh, this is done through a foreign corset. and if banks hang money there, then this is a risk for customers. uh, and not to mention the bank itself, so it is not the banks themselves who are solving this problem, what they want to earn

on these transactions. it's just that these transactions have become very risky. yes? and the same applies to, e currency treasures. uh, they can be frozen. eh? and therefore, banks also reduce these risks for their customers. you say why don't uh, so don't give people the ability to withdraw cash dollars, yeah and keep them under the mattress, but the fact is that in our country, unfortunately, uh, the importation of foreign currency on a personal note into the country is also prohibited. we also have sanctions here and therefore the supply of personal currency in the country is limited. if it is a personal currency that is already in circulation, there is cash in banks. e, which is designed to enable people to withdraw cash currency within the allowed limit. i remind you that the limit was set to 10.000. and what's important? uh, this limit

covers 90% of all currency deposits, that is, 90% people who have foreign exchange deposits. they can fully withdraw by investing in their personal currency. and they are in a hurry to do it. hmm uh, that's why uh, unfortunately, yes, uh, what you say worries our citizens very much. but this is the effect of the sanctions imposed against the financial sector, unfortunately. the next question online is denis elohovsky attention media project thank you very much, i have 2.5 questions, if i allow one and a half about imports and one pornographic currency. e about imports at the beginning of july, the central bank, in assessing key aggregates, assessed the fall imports for the second quarter of the year at 22.5%. and this is noticeably less, the vast majority of expert

assessments, uh, that appeared in the public field before the publication of this report from here. here's a question and a half, if imports have shrunk hmm less than they started, and not by 30-40 percent or more, as many have previously assumed, does this mean that the stock of additional potential demand for currency (comparison of partners) is not such an effective lever for weakening the ruble in future, as it was believed before they would have published their statistics, and now, more clarifying questions on imports the publications of the bank of russia differ significantly, do you see this as a problem and do you plan to return to the publication of the bank of russia. e hmm information, at least there on foreign trade and on the banking sector in the same volumes so that such confusion does not arise. this is what concerns imports, what concerns cash currency, e clarifications

in your previous answer, do you understand correctly, that the ban, uh hmm, which is now valid until september 9 on the issuance of uh, cash currency purchased by e-bank from banks by customers after uh, march 9 and that limit of 10.000 for currencies bought until march 9 , you plan to extend further. uh, as far as imports are concerned, imports have declined in line with our expectations. experts had different predictions. and in general, if you look at the forecasts of experts, for various economic indicators, there is a very wide range. and it's understandable because the situation is very uncertain, but uh really uh. hmm, imports, according to our statistics, in general, goods and services fell by 22%, but if we talk about the impact of imports on the exchange rate, then we need to look not at imports, but at the current

account. ah, that's about the current account we have, indeed. this is a historical record high and imports must be looked at in relation to exports. as for the discrepancy between the statistics of the countries trading partners, i must say, i remember such a discrepancy has always been yes, because they look at the country of origin of the goods differently hmm uh, and so further and so on. and here, but what you are saying is another question about publication. we will actually publish the balance of payments now. e in aggregated data. and we are ready, we will start publishing. uh, more detailed balance of payments, and uh, if the government will uh, disclose and provide uh, detailed information on foreign trade. we are well aware that for an analyst for an expert it is very clear.

the availability of this information about cash is also important, yes, we want to add about this to this question, please, just a little emphasize that we understand that this information is important, in fact, not only for analysts and experts, it is important in fact for economic agents and the public and business, in order to understand and correctly interpret what is happening not only in foreign economic activity, but also in terms of exchange rate dynamics and so on, that is, in this sense return to normal. uh, disclosure format. anna is helpful and about imports. i just want to guzzle stress that uh this is a decrease of 22%, this is a change in the nominal volume and imports. uh, all the comments that were there about the scale of the fall and imports and exports. they dealt with falling in real terms. still, changes in dollar prices are quite significant, therefore, in general. i think that 22 in the nominal it is more or less consistent with what was expected in the real there is more than a third, damn it. and about the extension of the

restrictions that we still have until september 9. hmm, unfortunately, we now have no reason to expect that this situation with admission on personal foreign currencies into the country will change for the better in the near future and those decisions about which i have already spoken of unfriendly countries about the ban on the import of cash into russia. they remain in effect. uh, and uh, and at the same time, our banks should be able to ensure for all citizens their rights to previously opened foreign currency accounts and receive an amount within the allowed limit of 10,000. and therefore, in september, we will be forced to extend the restrictions that we introduced at the beginning of march. so colleagues, please

vika yes, he has been pulling his hand for a long time. hello, thanks to victoria shargina, a blogger recently introduced a new concept to the central bank. rather, the development of the old former concept of protecting the rights of investors, which provides for a complete ban on the purchase of foreign securities by unqualified investors, the question is the following: what is the total ban without division into friendly and unfriendly jurisdictions, after all, in terms of currency. we have such a division, as we hear that there is a friendly currency, in which it is possible for citizens to protect themselves from the devaluation of the ruble, for example, and i cannot but ask about the unblocking of foreign securities in nord if there is any news. thank you. indeed, in terms of protecting the rights of non-qualified investors, we propose to non-

qualified investors that non-qualified investors in the russian market do not buy foreign paper. as far as i remember, still not friendly countries, but we will clarify the position in a friendly way to unfriendly countries, because an unqualified investor hmm, often there is simply no information and no understanding of the risk that these stocks could be frozen, and now there are a lot of people in this situation, and we need to ensure that the problems here do not increase. i think that people are the people who are now caught up with this, they, in general, understand such a derivation of such a ban, they will rather understand, with regard to nsd, but, and freezing, then the moscow exchange. now, uh, this is actively involved in the creation of an investor protection club m. uh, and which includes representatives of the largest broker banks, management companies and professional communities

and the goal of this club is to jointly defend their rights and prepare. lawsuits in order to hmmm challenge the decision that was laid down, that were taken against rzd colleagues, please, a lot of questions alina, yes, please. and yes, hello. alina razumova franc-media. i have three questions and the first question is about foreign banks selling their russian subsidiaries. please tell me, if the parties are at the stage of negotiations, do they need cancel these negotiations and interrupt transactions, and the second question is the central bank the only one who sees the reporting, and banks. uh, tell me how they ended up. in the first half of the year, the expectations of the central bank are better or worse, and cb was also afraid that the payment of dividends and the payment of various payments to management

would negatively affect the financial stability of banks, did the central bank justify these fears and the third question related to npfs and pension savings. you have always advocated a more thoughtful and conservative approach, and in terms of investing pension savings and npfs and however, now as a large number of investors have left the market. increasingly, more and more often it turns out, and more and more often, there is a proposal to invest pension savings in various a projects. please tell me, have you changed your mind about this? do you think it is necessary to expand, uh, instruments and increase, uh, risks, uh, when investing pension funds on this? so tnank you. thanks for e.