Marcus Cloud

The middle East plays Russia unleashed a price war in the oil market. According to The Wall Street Journal (WSJ), American and European refineries refused additional supplies of raw materials from Saudi Arabia even at low prices, but Russia was able to increase exports to China, the demand for "black gold" which is restored. However, oil prices remain at the lowest level of $25-26 per barrel.

The representative of the Ministry of energy of Saudi Arabia said on Friday that the Minister Prince Abdul Azizi bin Salman al Saud does not conduct any negotiations with the head of the energy Ministry of Russia Alexander Novak to increase the number of participants in the transaction OPEC+.

Economics, like nature, abhors a vacuum. And the devil, alas, is in the details. The President declared non-working days – Saturday 28 March to Sunday 5 April, and – with pay. Almost simultaneously with his decree from 25.03.2020 No. 206, a report of the Center for strategic research, based on a survey of 500 managers of micro, small, medium and large businesses. It turned out, 29% of employers moved employees to remote work for lower wages, cut staff. And 40% going to do this in the near future.

The press service of the Pension Fund of Russia announced that in connection with the decree of the President of Russian Federation Vladimir Putin on the introduction of non-working weeks from 30 March to 3 April, the decision to transfer early delivery organizations of pensions and allowances for April.

Next week the state Duma and the Federation Council should adopt a number of laws that the government proposes anti-crisis program for the duration of the pandemic coronavirus. Our sources have confirmed that an "emergency" meeting of Council held 2 April. On the morning of the same day bills in the third and final reading is going to take the state Duma.