Crimean Occupation Tax (COT)
_______________________________
Tax on all Russian energy imported in the EU:
Oil, Gas, Coal
Medium intensity
Gradually increasing up to 25%
Benefits:
Easy to understand in EU & Russia
Aimed at restoring International law & Borders
Allows market to reduce EU energy dependence on Russia
Generates revenue to save energy
Funds Ukraine
Russia controls cancellation
Project COT Revenue:
€25 Billion averaged annually
€20 Billion EU
€5 Billion Ukraine (grants)
COT -> energy efficiency fund €1 invest -> €2 gain
EU countries that pay COT tax
with most initial pain -> get most future gain
80% of initial pain stays in country
As of 2016 Russia funds COT 100% to preserve EU income
initial pain countries get gain pro rata
Russia funds 50% of 2016-2020 EU energy preservation investments
COT impact on Russia:
Less government income
Russian government is largely funded through energy export tax
Less money for military
No to negative economic growth 2015-2020
Alternative customers are not easy to obtain
Important players not really in need
China, US
No margin for Russian export tax in recent China gas deal
Reachable only through expensive LNG transport
No marging for Russian export tax
subsidizing COT tax is cheaper for Russia
COT impact on EU:
Reduced dependency on Russian energy
Stage one initial pain but funds Ukraine
Russia cannot afford to lose EU market : Russia energy price + COT = market price
Stage two Russia funds Ukraine for duration of Crimean occupation + 50% of EU energy efficiency effort
Worst case: Russian EU supply stop would cause a budget reduction of €223 billion to just €89 billion = economic suicide
Saudi Arabia will supply Russia oil shortfall
Coal from US, Canada, South Africa
Gas substituted through startup of 10 nuclear power plants
Gas substituted through coal
Sources: European Council, European Commission
Corporate Culture:
Russians appreciate punctuality. Business meetings generally begin on time.
Under Communism there were no incentives for bureaucrats to perform well or to even be pleasant toward clients; this meant that the usual answer to any question was "No." This practice is still found in Russian society today, but "No" is usually not the final word on an issue. One has to bargain and be persistent to get what he or she wants.
Business cards are handed out liberally in Russia and are always exchanged at business meetings. The ceremony of presenting and receiving business cards is important. Don't treat it lightly.
Representatives of the Russian company or government body are usually seated on one side of a table at meetings with guests on the other side.
Your company should be represented by a specialized team of experts. Presentations should be thoroughly prepared, detailed, factual and short on "salesmanship."
Russians usually negotiate technical issues very competently, directly and clearly but, being newcomers to capitalism, often do not fully understand Western business practices and objectives. You may have to explain the reasoning behind some of your demands.
Russians find it difficult to admit mistakes, especially publicly. They also find it difficult to risk offending someone by making requests or assertions.
Trying to do business in Russia over the telephone is generally ineffective. The Russian telecommunications system is inadequate, but improving quickly. The telex is widely used.
Personal relationships play a crucial role in Russian business.
Business negotiations in Russia are lengthy and may test your patience. Plan to be in for the long haul.
No agreement is final until a contract has been signed.
this presentation is about russia, its geography, climate, main industries, government structure, religion, art, culture, etc., its capital, the city of obninsk
It is my study about Russian Business Culture.common working practices in Russia,Making Appointment,Business Dress Code
Conversation, Structure and hierarchy in Russian business culture
Working relation Ship in Russia, Business Practices in Russia, gender Aspects, Meals and Business Etiquettes
Finally we’ll discuss what are Do’s and Don’ts in Russian business.
Corporate Culture:
Russians appreciate punctuality. Business meetings generally begin on time.
Under Communism there were no incentives for bureaucrats to perform well or to even be pleasant toward clients; this meant that the usual answer to any question was "No." This practice is still found in Russian society today, but "No" is usually not the final word on an issue. One has to bargain and be persistent to get what he or she wants.
Business cards are handed out liberally in Russia and are always exchanged at business meetings. The ceremony of presenting and receiving business cards is important. Don't treat it lightly.
Representatives of the Russian company or government body are usually seated on one side of a table at meetings with guests on the other side.
Your company should be represented by a specialized team of experts. Presentations should be thoroughly prepared, detailed, factual and short on "salesmanship."
Russians usually negotiate technical issues very competently, directly and clearly but, being newcomers to capitalism, often do not fully understand Western business practices and objectives. You may have to explain the reasoning behind some of your demands.
Russians find it difficult to admit mistakes, especially publicly. They also find it difficult to risk offending someone by making requests or assertions.
Trying to do business in Russia over the telephone is generally ineffective. The Russian telecommunications system is inadequate, but improving quickly. The telex is widely used.
Personal relationships play a crucial role in Russian business.
Business negotiations in Russia are lengthy and may test your patience. Plan to be in for the long haul.
No agreement is final until a contract has been signed.
this presentation is about russia, its geography, climate, main industries, government structure, religion, art, culture, etc., its capital, the city of obninsk
It is my study about Russian Business Culture.common working practices in Russia,Making Appointment,Business Dress Code
Conversation, Structure and hierarchy in Russian business culture
Working relation Ship in Russia, Business Practices in Russia, gender Aspects, Meals and Business Etiquettes
Finally we’ll discuss what are Do’s and Don’ts in Russian business.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
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Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
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By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
What is the point of small housing associations.pptxPaul Smith
Given the small scale of housing associations and their relative high cost per home what is the point of them and how do we justify their continued existance
Many ways to support street children.pptxSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
2. Crimean Occupation Tax (COT)
• Tax on all Russian energy imported in the
EU: Oil, Gas, Coal
• Medium intensity
• Gradually increasing up to 25%
Source: European Council
3. Benefits
• Easy to understand in EU & Russia
• Aimed at restoring International law &
Borders
• Allows market to reduce EU energy
dependence on Russia
• Generates revenue to save energy
• Funds Ukraine
• Russia controls cancellation
4. Projected COT Revenue
• €25 Billion averaged annually
– €20 Billion EU
– €5 Billion Ukraine (grants)
• COT -> energy efficiency fund €1 invest -> €2 gain
• Countries that pay COT tax
– with most initial pain -> get most future gain
– 80% of initial pain stays in country
• As of 2016 Russia funds COT 100% to preserve EU income
– initial pain countries get gain pro rata
• Russia funds 50% of 2016-2020 EU energy preservation
investments
Source: European Council
5. Energy Efficiency is Key
Estimated savings from current
commitments on energy efficiency
Source: European Commission
7. COT impact on Russia
• Less government income
– Russian government is largely funded through energy
export tax
– Less money for military
• No to negative economic growth 2015-2020
• Alternative customers are not easy to obtain
– Important players not really in need
– China, US
– No margin for Russian export tax in recent China gas deal
– Reachable only through expensive LNG transport
• No margin for Russian export tax
• subsidizing COT tax is cheaper for Russia
8. COT impact on EU
• Reduced dependency on Russian energy
• Stage one initial pain but funds Ukraine
• Russia cannot afford to lose EU market : Russia
energy price + COT = market price
• Stage two Russia funds Ukraine for duration of
Crimean occupation + 50% of EU energy efficiency
effort
Source: European Council
9. Worst case scenario
• Russian stops all energy supplies to EU
• Causes Russian budget reduction of €223 billion to just €89
billion = economic suicide
• EU alternatives in place:
– Saudi Arabia will supply Russia oil shortfall
– Coal from US, Canada, South Africa
– Gas substituted through startup of 10 nuclear power
plants
– Gas substituted through coal
