Open from morning into the negative zone on the background of the negative dynamics of global markets in the second half of the day sale on the Russian stock sites only increased. Not able to support the quotations of Russian securities on the labor market in the UK, which were better than prior expectations. The main reason for reducing the shares of Russian companies has become increasingly apparent willingness of investors to record profits after prolonged growth. Moreover, global markets have become prevalent pessimistic mood about the world economy out of crisis. In addition, the decision to reduce the players' position in risky assets was due to fear of Barack Obama statements over the new mechanisms of regulation of financial markets that he is going to present this evening after the closing auction in Russia.

Additional pressure on the Russian market has had a decline in the price of oil below $ 70 a barrel.

At the end of the day blue chips cheaper by 4-8%. In the fall of leaders were paper Gazprom (-8.03%) and MMC NorNikel (-7.48%).

In the second echelon Uralkaliy shares lost 10.09%, while the paper Transneft rose by 3.55%.

According to the results of auctions RTS index fell by 4.05% and the MICEX index fell by 5,44%.

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June 2 at the official website of the International Monetary Fund has updated the text of the Memorandum of Economic and Financial Policy of Ukraine in connection with the receipt of the next tranche of credit stand-bye.

Given the fact that in two weeks in Ukraine, with the inspection again, perhaps IMF mission, the publication of the bilateral agreements should be viewed as a direct reminder to Ukrainian politicians about the issues that need to be solved for a new tranche. One of the most fundamental points of agreement is the preservation of the state budget deficit of not more than 4% of GDP (excluding funds for the recapitalization of banks).

In order not to go beyond the agreed deficit, the government pledged to reduce the list of exclusions from the VAT, eliminating privileged pensions, to revise the retirement age, a quarterly increase natural gas prices and refuse to grant to pay for utility services, to limit the types of entrepreneurial activity simplified system of taxation.

All of this difficult, often painful and unpopular steps. But without them, are unlikely to drop ballast populist, which prevents the power to deal with the crisis. On the other hand, the Ukrainian government may consider the same steps only as a way to get the next tranche. And he is not the most pleasant, if we take into account the impending presidential election. In this case, instead of quick and clear decisions are taken either to nothing and no binding decisions and laws that formally meet the requirements of the IMF or the proposed solutions in search of exotic soft money.

This is the so-called anti-crisis laws, which in recent sins, and the coalition and the opposition. While the leaders have agreed that, the quarrel, some MPs to vigorously push its crisis initiatives. The main key to success of such bills in the sessional hall: the appearance of simplicity, the proposed solution, taking into account the material interests of the major factions and bind to the requirements of the IMF.

Thus, for example, a law was passed (admittedly, time vetirovanny president) on the complete prohibition of gambling in the country - by a faction BYUT. And the electorate pleasure, and earn a possible presidential campaign by allowing the right companies to engage in this business.

In another case, suggesting the MPs to choose between culture and health and beer and wine , the Vice President of Tomenko protolknul raising excise taxes on beer as a way to find money to cover the deficit of health. Click to continue »