Press review: New US sanctions looming for Belarus and consumer demand picks up in Russia – Press review


Izvestia: Russia and the United States can take cooperation to another level

The cybersecurity deals are the main achievement of the recent Russian-American summit, according to experts interviewed by Izvestia, stressing that the threat these new types of weapons pose to the world could even be more serious than the threat. nuclear weapons.

Another issue the two countries could start talks on in the near future, experts say. MGIMO Institute of International Studies principal researcher Viktor Mizin stressed that the parties may soon begin constructive discussions to define what a new strategic arms reduction treaty might look like.

Political scientist Edward Lozansky says strategic stability is certainly important, but the fact that the Strategic Arms Reduction Treaty (New START) was ultimately extended for five years makes it clear that there is no direct nuclear threat to it. the moment, which cannot be said for cyberspace. . “Until the meeting, discussions had always focused on nuclear weapons. It is important that now the parties also talk about cybersecurity. Given the pace at which information technology evolves, cyber weapons can become more dangerous than nuclear weapons. consider training a new generation of experts, ”noted the analyst.

According to the head of the Washington-based Center for Global Interests, Nikolai Zlobin, the prospects for Russian-American consultations on cybersecurity are good. They can be expected to start soon because “Americans have a serious interest in this subject.” The expert believes that Russia and the United States are vulnerable to cyber threats, so they could both benefit from meaningful bilateral discussions on the issue.

Another achievement of the Russian-American summit was the decision to allow the ambassadors of the two countries to resume their functions. Lozansky stressed that work on other tracks would be paralyzed if the two countries did not restore diplomatic relations.

Nezavisimaya Gazeta: United States to impose more sanctions on Belarus

The meeting between Russian Presidents Vladimir Putin and Joe Biden of the United States has had no impact on Washington’s stance on the situation in Belarus as Washington plans to impose more sanctions on the country. Likewise, Moscow‘s position remains modified. Under these circumstances, experts do not see any positive scenario for Belarusian President Alexander Lukashenko, writes Nezavisimaya Gazeta.

US Under Secretary for Political Affairs Victoria Nuland on Thursday announced Washington’s plans to impose new sanctions on Belarus at the GLOBSEC Security Forum. According to her, restrictions will be introduced next week.

As for Moscow, some experts believe it will seek to encourage Lukashenko to transfer power through constitutional reform, while others say Russia could benefit from a weak and dependent Lukashenko. “Although he is a difficult, stubborn and cunning negotiator, Putin is unlikely to find a more anti-Western figure who is more closely linked to Moscow,” notes political scientist Alexander Klaskovsky. He therefore believes that for the moment, “Putin and his relatives do not intend to facilitate a change of government in Belarus”. However, the Kremlin “is considering different scenarios for Belarus” and “in this regard, Lukashenko can hardly feel comfortable”, stressed the experts.

Overall, the situation is getting more and more complicated for Alexander Lukashenko, underlined political scientist Valery Karbalevich. According to him, after the emergency landing of a Ryanair flight, Belarus crossed an important line “not only in terms of relations with the West but also in terms of Belarusian political life in general”. The expert expects future sanctions to be rather severe. At the same time, he sees Minsk’s efforts to improve the situation as clumsy and reckless. The country’s political leadership is currently in a state of frustration, Karbalevich concluded.

Izvestia: Bitcoin May Reach $ 100,000 in 2021

The price of Bitcoin has risen 30% over the past week, breaking the $ 41,000 mark on June 15. The rise is due to El Salvador’s decision to make bitcoin legal tender, MicroStrategy’s plans to invest $ 1.5 billion in cryptocurrency, and Elon Musk’s announcement that Tesla will accept Bitcoin for car purchases if miners ensure that 50% of the energy they use comes from renewable sources. Given the positive trend in the news, pundits expect the token price to hit $ 100,000, Izvestia notes.

The approval of bitcoin exchange-traded funds can give cryptocurrency a significant boost, said senior investment firm Exante strategist Yanis Kivkulis. If central banks continue to pursue flexible policies, new crypto-offshore lands emerge and bitcoin is adopted as legal tender in more areas, its price may reach $ 100,000 this year, the expert pointed out.

J2TX broker chief Artem Moiseyev also expects the bitcoin rate to hit the $ 100,000 level in 2021 as the use of the token in everyday life grows. The drivers of the process will notably include the rapid transfers of cryptocurrency, one of the advantages of tokens.

CEX.IO brokerage chief analyst Yuri Mazur agrees that the price of Bitcoin may hit an all-time high this year, hitting $ 70,000- $ 75,000 amid positive news for the cryptocurrency and commodities arena. progressive steps by countries to adopt bitcoin as legal tender. However, a technical correction could follow, bringing bitcoin below $ 46,000. The price of the token will also be significantly affected by an update to the Ethereum network, based on the world’s second largest cryptocurrency, as well as decisions to maintain or close the stimulus measures that central banks and governments will take and restrictions on digital assets. , for example, in China and the United States, added the expert.

Kommersant: Russia sees growing consumer demand

It appears that the constant tightening of monetary policy by the Russian central bank has become an additional factor in boosting consumer demand in the country. Consumer activities started to grow again in May 2021 in both the retail trade and the service sector, underlines the Central Bank. That said, private consumption is expected to return to pre-pandemic levels in early summer, writes Kommersant.

In addition to high inflation expectations and low deposit rates, restrictions on overseas travel and rapid growth in retail lending are also pushing consumption up. According to experts from the Russian Presidential Academy of National Economy and Public Administration, “under the current circumstances, individual lending is the most profitable activity for commercial banks.” This is the reason why lending institutions will seek to maintain high credit levels, experts noted.

Another factor adding to the rise in consumer expectations is the recovery in the labor market. According to the Center for Macroeconomic Analysis and Sort-Term Forecasting, labor demand has already overcome the consequences of the “coronavirus shock” and has returned to levels recorded in the first quarter of 2020. “Another important development is that a certain equilibrium has been reached on the labor market because the number of job offers has exceeded that of registered unemployed ”, stressed the analysts.

As a result, although the year-over-year inflation rate continues to rise, private consumption has likely already exceeded pre-pandemic levels. “The recent spike in cases may spoil the positive mood somewhat, but if we manage to avoid the blockages there is a good chance that the recovery process will continue,” said experts from the Higher Development Center. School of Economics.

Izvestia: Russian regions could impose vaccination against coronavirus

The Russian region of Sakhalin has made vaccination against the coronavirus compulsory for 60% of those employed in the service sector, following similar measures in Moscow and in the regions of Moscow and Kemerovo. Other parts of the country are also considering compulsory vaccination, writes Izvestia.

Many Russian regions will most likely learn from the experience of Moscow and the Moscow regions, which were the first to make vaccination compulsory, said DSM group general manager Sergey Shulyak. “I would like to point out that Yakutia was actually the first to initiate compulsory vaccinations, but regional authorities quickly changed their mind and the word ‘compulsory’ disappeared from official documents. However, if Moscow, the region of Moscow and other regions manage to successfully implement the initiative, others will follow, ”noted the expert.

The Russian public expects the authorities to take systemic decisions to ensure vaccination, said the director of the Nizhny Novgorod Fund for Creative Economic Development, Yuri Veselyev. “One of the options for rapid vaccination is to divide large and medium-sized towns into squares where mobile teams would vaccinate local residents and those working in affected neighborhoods,” the expert said. The right conditions must be created for vaccination, in order to avoid further blockages, Veselyev stressed, adding that every day of crisis linked to the pandemic is costly for the economy, as well as for employers and employees.

In order to bring the pandemic under control, it is important to establish collective immunity as soon as possible, said science editor Mikhail Kagan. According to him, if it takes a year, thousands – if not tens of thousands – will die, while mandatory vaccinations can help achieve herd immunity much faster.

TASS is not responsible for the material cited in these press reviews.


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