The top left purple arrow is where their Q4 goal is
Zoom in
Zoom in more.
They placed half a square’s worth
On Q4 Auction Day 2 of 13
The offer of PK-29024 failed/was declared invalid
PK-29025:
Placement: 0.005 Trillion
Demand: 0.0441 Trillion
And they just told everyone that this plan…that is clearly failing…will somehow work in 2025 and beyond, when they try to borrow even higher sums of money
@17frosted 🫤 Impossible to know from this article and the NYT article is paywalled.
There are a lot of “what if’s” which could mean that nothing comes of it. And…let me give a hypothetical…
@17frosted “Novatek confirmed it was engaged in negotiations over the possible use of its liquefaction technology for a project on Alaska’s North Slope”
So, let’s say, hypothetically that the deal is just for some patented process Russia has that is actually valuable.
@17frosted This could be similar to say…an oil refinery using a patented process. I think some HF Alky units may work this way.
The refineries have to make regular payments for the right to use that process.
But it’s just a small portion of their total profits.
Just a reminder: when the press conference is over, the above link may not work anymore and the recording of the press conference may be posted elsewhere.
And there’s a real possibility that it might go UP
The Ministry of Finance put out a quiet Press Release on Friday afternoon which means that the Central Bank will probably be unable to talk about it until AFTER the meeting. (Sneaky)
And as far as I can tell, no major news outlets have picked it up yet.
The Ministry of Finance announced they were creating 5 new bonds totaling 4.25 Trillion Rubles.
3 are Constant Coupon Bonds, all of which have higher coupon rates that any of their existing Constant Coupon Bond
“According to sources, the tragedy occurred the day before. The body was found under the windows of a hotel in Sheremetyevo, where the deceased was likely staying in a room on one of the higher floors.”