Bank rates, US and EU sanctions, state-owned bank dividends:

top 10 deposit rates digest. usaimposed blocking sanctions against ALROSA. The Ministry of Finance of the Russian Federation will offer state-owned banks to refuse to pay dividends for 2021. notable events,

Trading on the Moscow Exchange and St. Petersburg Exchange will be held in the same mode as on April 7.

SPB Exchange

SPB Exchange   will start exchange trading in the main trading mode according to the following schedule:

from 10:00 Moscow time — securities of TCS Group Holding and PJSC SPB Exchange; from 14:30 Moscow time — securities of 50 international companies; from 16:00 Moscow time — securities of more than 1,600 international companies.

Moscow Exchange

The Moscow Exchange will conduct trading on April 5–8, 2022 in a mode similar to that established on April 4, 2022; 50 traded mutual funds (UIFs) will circulate on the site - 6 more than the day before . The list of all traded BPIFs is here. Top 10 rates on deposits and savings accounts

The average rate of the 54 largest deposit banks on deposits for a period of one year in the amount of ₽100 thousand as of April 8 is 9.61% per annum, according to the FRG100 index.

The most favorable deposit rate as of 04/08/2022 is 25% per annum.

Top 10 banks with high effective rates on deposits and savings accounts as of 04/08/2022:

Sinara - up to 25%; Vladbiznesbank — up to 24%; Tavrichesky Bank - up to 23%; Eurofinance Mosnarbank - up to 22.50%; Realist Bank — up to 22.50%; Slavia Bank - up to 22.10%; Ural Bank for Reconstruction and Development - up to 22%; Kuban Credit - up to 22%; BBR Bank - up to 22%; Agropromcredit - up to 21.50%.

Source: Banki.ru financial marketplace (the effective rate is calculated according to the Banki.ru methodology and is not an offer, detailed conditions are in credit institutions).

New US and EU sanctions

- The United States imposed sanctions against 8 individuals of RUSSIA and about 30 Russian structures:

design bureaus Almaz, Rubin, Baltiysky Zavod, JSC Nevskoye Design Bureau, JSC Admiralty Shipyards, diamond mining company ALROSA and others. The US Treasury has set a deadline for completing transactions with ALROSA until May 7; Among the individuals included in the sanctions lists are Georgy Poltavchenko, Chairman of the Board of Directors of USC JSC, and its CEO Alexei Rakhmanov.

All individuals and organizations are included in the SDN list, that is, they fell under the blocking sanctions of the US Department of the Treasury.

— The House of Representatives of the US Congress voted for the rejection of Russian energy resources. In addition, at the same meeting, the deprivation of Russia and Belarus of the most favored nation status in trade was approved. Now these bills must be signed by US President Joe Biden .

Alfa and Sberbank brokers under sanctions. What awaits foreign assets Banks and finance , Alfa-Bank , Sberbank , Broker ,  Sanctions

At the same time, the Office of Foreign Assets Control (OFAC) of the US Treasury removed telecommunications and Internet equipment, as well as ordinary communication applications such as instant messengers and social networks, from sanctions against Russia.

- The ambassadors of the EU countries agreed on a new, fifth in a row, package of sanctions against Russia. it included:

freezing the assets of several Russian banks; a ban on coal imports from Russia; an embargo on arms supplies to Russia; a ban on exports to Russia, including high-tech goods, in the amount of €10 billion; a €5.5 billion import ban on raw materials and critical materials from Russia; a ban on access to EU ports for ships flying the Russian flag; prohibition of operations by Russian and Belarusian road carriers.

The Ministry of Finance allowed the refusal to pay dividends by state-owned banks for 2021 Ministry of Finance , Sberbank , Banking and finance , Shares

Dividends to state banks

Finance Minister Anton Siluanov said on Thursday that state-owned banks would be asked not to pay dividends for 2021, "despite the fact that last year was probably the most successful in recent times." For the rest of the state-owned companies, decisions will be made individually, since not everyone is in a critical situation, Siluanov said.

“For VTB, payments will most likely be canceled, but for Sberbank, there are still some chances. The bank paid even in 2020 during the pandemic, although it postponed dividends from June to October. In the baseline scenario, before the February events, approximately ₽27.5 billion of dividends were expected at Sberbank, but now you should not count on such a figure, ”said Vasily Karpunin, an expert at BCS World of Investments.

Tesla shares

Tesla will create a "custom" self-driving taxi that will "look futuristic," CEO Elon Musk said Thursday at the opening of a $1.1 billion Tesla plant in Austin, Texas. The businessman did not specify the timing.

The Tesla CEO also said he plans to produce 500,000 Model Y units in Austin in a year.

Tesla will begin production of its Cybertruck next year, as well as its Optimus humanoid robot, Musk said.

Other important events

TMK : meeting of the board of directors. The issue of dividends is on the agenda.

The exchange price of vegetable oil soared on the risk of supply disruptions Agriculture , Ukraine , Inflation

How the previous trading session ended Moscow Exchange Index : 2635.39 (+0.92%) RTS Index : 1092.41 (+5.57%) S&P 500 : 4500.21 (+0.43%) DOW JONES Industrial Average : 34 583.57 (+0.25%) NASDAQ Composite : 13,897.3 (+0.06%) A regulated market where sellers and buyers meet who trade in various assets: stocks, bonds, currencies, futures, commodities. Everyone can become a participant in trading on the stock exchange - for this you need to open a brokerage account. Each transaction is concluded at a market price, is completed almost instantly, and is also registered and controlled. More