0:03 Hello, this is the Soviet. Let's get
0:06 >> Hello everyone. I'm Sergei Mordan.
0:09 So, the story with the negotiations
0:11 continues—let's call it the Abu Dhabi
0:14 negotiations, even though they're over.
0:18 And today there was another continuation
0:20 of the negotiations in Moscow. And then
0:22 there will be negotiations
0:26 halfway to America, uh, in Ireland,
0:29 where these two Trump representatives,
0:32 Comrade Kushner and Comrade Uitkov,
0:35 people of no particular status and no
0:39 clear biography, have gone.
0:42 Well, what difference does it make? We
0:44 certainly won't be baptizing children
0:46 with them. They're on a different matter
0:50 What did they agree on?
0:52 That's the question everyone, anyone
0:55 interested in politics, is asking each
0:59 It's clear that Telegram channels,
1:01 television, and radio are simply clogged
1:04 with an endless stream of news.
1:07 For the past four or five days, the news
1:10 broadcasts have been filled with just
1:12 one topic: the Abu Dhabi negotiations.
1:17 Well, if you're an ordinary citizen, a
1:19 normal person living a normal, everyday
1:22 life, you periodically jump into the car
1:25 , jump in, turn on the radio, and hear
1:27 the chant "Abu Dhabi, bubbabu,""Uitkov
1:30 Kushner,""bub-bubbabu,""Zelensky."
1:33 It's impossible to understand anything.
1:36 For me, since, oh, yesterday was a day
1:38 off, I caught myself thinking exactly
1:42 You open Telegram, and automatically
1:45 your hand reaches out and starts
1:49 What's so interesting in the world?
1:50 Maybe I'll miss something. But I didn't
1:54 miss anything. It was all Abu Dhabi. I
1:57 had to pull myself together, you know,
2:00 read carefully, make some selections.
2:03 Only after that did I more or less form
2:10 And any analyst, any person who has
2:12 spoken out about this story in the past
2:16 few days—and you should clearly
2:18 understand this—is sharing their own
2:22 perspective on what's happening.
2:26 That is, negotiations taking place at
2:29 the highest level cannot have any leaks
2:34 This is always an information operation
2:37 that must, well, firstly, make the very
2:40 framework, the very essence of the
2:43 negotiations, absolutely impenetrable to
2:48 It must disinform and mislead the enemy
2:50 , and here there is more than just one
2:54 It is an entire coalition.
2:57 That is, ah, you need to conceal your
2:59 own intentions and your true goals.
3:04 So, uh, I formulate it as I see it. What
3:09 Well, actually, I spoke about this on
3:11 Monday, I spoke about this on Saturday,
3:14 and my position has not changed.
3:17 In order to achieve peace, and it is
3:20 indeed just around the corner. I am
3:23 absolutely convinced of this.
3:26 Europe will have to accept the Russian
3:32 The basic parameters of this ultimatum,
3:34 so to speak, this proposal for
3:36 negotiations, were made back in December
3:38 2021. This is the so-called Lavrov
3:43 It was about a new structure for
3:50 All Russia demanded five years ago, and
3:54 all it demands now, is its own European
3:58 security, because we are a European
4:02 country and we are interested in the
4:06 situation on our western border.
4:10 That is, whether trade and economic ties
4:13 with the European Union will be restored
4:18 Whether they will not be restored will
4:20 depend on the extent to which they will
4:21 be restored, and that means how the
4:23 issue of sanctions on frozen Russian
4:24 assets will be resolved.
4:26 This, in particular, is a fundamental
4:29 issue that any state authority, any
4:32 state system, always addresses—it is a
4:38 This is essentially why the state exists
4:43 It is the basis of a social contract
4:46 between, so to speak, the people and
4:50 those at the top. The authorities. The
4:53 authorities. The authorities can be
4:54 called by any name. It could be a tsar,
4:56 it could be a presidential republic, it
4:58 could be some elites of some kind—call
5:01 it whatever you like. The authorities
5:04 So, accordingly, the people delegate
5:10 taxes, the right to violence, and
5:12 everything else so that the authorities
5:15 can ensure the long-term security of the
5:18 territory, the country, the fatherland.
5:21 That is why there is a war.
5:24 Have they reached a resolution to this
5:25 issue in Abuabi? Of course not.
5:32 Negotiations are essentially underway
5:36 between Russia and the United States.
5:41 This means the largest European
5:43 countries are being held in the waiting
5:45 room, and they're incredibly worried.
5:48 We'll talk about this in more detail now
5:50 . Some are already scratching at the
5:52 door. They can come in.
5:54 They can, but later, after the adults
5:59 And China is somewhere out there. They
6:02 also have a very specific, vital,
6:04 material interest, but they're not
6:07 directly involved, so their position is
6:11 detached. So, we'll see how things end.
6:15 Ask me, where is Ukraine in this?
6:17 Ukraine is nothing more than a pretext.
6:20 And there's nothing offensive, not even
6:24 hurtful, in this statement of mine.
6:27 Yes, moreover, a huge number of people
6:30 in Ukraine have already, generally
6:32 speaking, realized this.
6:36 That is, it's difficult to accept, but,
6:38 well, there's been enough time.
6:42 Why did Witkov and Kushner come? Well,
6:45 this is a bit curious, isn't it? Perhaps
6:49 they enjoyed the snippets here, I don't
6:51 know. Maybe they just generally enjoy
6:53 visiting this beautiful city, the
6:54 capital of our Motherland, Moscow. Here
6:57 they're received in the Kremlin.
6:59 The Kremlin is like royalty.
7:03 Maybe they find this amusing, or maybe
7:04 it's something else entirely.
7:07 >> Lavrov's ultimatum refers to the draft
7:09 treaties with the United States and NATO
7:12 , which the Russian Foreign Ministry
7:14 published on December 17, 1921.
7:16 Non-expansion of the alliance to the
7:19 east and refusal to admit Ukraine. And
7:21 today, Putin spoke for over two hours in
7:24 the Kremlin with Witkoff and Kushner.
7:26 Alexander Bobrov joins the conversation
7:30 >> Well, let's discuss it.
7:32 Alexander Bobrov, head of diplomatic
7:34 studies at the Institute for Strategic
7:36 Studies and Forecasts at RUDN University
7:40 Alexander Kirillovich, greetings.
7:46 What stage do you think we're at now in
7:50 this long story called developing a new
7:53 European security structure?
7:58 Well, although perhaps I'm wrong, and
8:00 the negotiations are really about peace
8:02 in Ukraine, and no one cares about
8:05 Everyone cares only about Ukraine.
8:09 No, well, of course, everyone cares not
8:11 only about Ukraine, but also about the
8:13 Eurasian security system.
8:15 Here I'll slightly correct the thesis
8:17 you voiced before our conversation. The
8:19 fact is that the European security
8:21 system has become dormant because it
8:24 hasn't worked. And the Ukrainian
8:26 conflict is a living example showing
8:28 that the old approaches to security,
8:30 which the United States of America has
8:33 been building since at least 1991, and
8:35 even after World War II, when they
8:37 ensured their military presence in
8:39 Europe, kept the Germans under their
8:41 control, and kept Russia and the Soviet
8:44 Union out of it—in fact, this system has
8:46 developed enormous cracks, and that's
8:49 why we are now developing a Eurasian
8:53 As for where we are now, depending on
8:55 how you measure it, it could be the
8:57 middle; we could have already crossed
9:00 the halfway point, or we could have
9:02 reached the very end.
9:04 What matters here isn't how these
9:06 provisions are being drafted, but how
9:09 implementable they are—that is, how
9:11 ready Ukraine is to implement everything
9:13 that's ultimately agreed upon.
9:17 Because we've repeatedly encountered
9:19 situations where diplomats seemingly
9:21 agreed on everything, only to discover
9:23 later that we were deceived, no one
9:25 wanted to implement anything, and
9:27 ultimately, all the good that was
9:29 enshrined in the Minsk agreements or
9:31 previous versions of the conflict
9:33 settlement—they ultimately became
9:35 bywords for this diplomatic bluff
9:37 perpetrated by the Kyiv authorities and
9:40 their European handlers.
9:44 But here's the question: why are the
9:47 negotiations taking place in such a
9:50 complex organizational format?
9:55 Well, let's say, like the Paris or San
10:01 Diplomats, representatives, of various
10:03 countries, would gather, sit and talk
10:05 for a long time, draft some documents,
10:08 and so on and so forth.
10:12 Some say that analogies with the
10:15 politics and diplomacy of the 19th and
10:18 20th centuries don't work at all now.
10:23 Well, I do have a question: why don't
10:26 But I still recall the last large
10:31 In Yalta or Tehran, heads of state would
10:34 sit in the same way with a huge number
10:37 of their key aides, ministers, and
10:39 generals, and draft the parameters of
10:41 this very agreement.
10:45 But here, instead of substantive work—
10:48 well, which is apparently supposed to
10:50 demonstrate, well, the fact that the war
10:53 is ongoing, and therefore the time
10:55 hasn't come yet—there are some people
10:57 without status, just special
10:59 representatives: the US President's
11:02 Special Representative, the Russian
11:04 President's Special Representative—also
11:06 , in general, a rather unclear status.
11:11 And some, well, representatives of
11:13 Ukraine come and talk about something.
11:16 And then there's this swirl of activity
11:18 , everyone's traveling somewhere,
11:20 talking, passing messages to each other
11:22 . Explain, why is this so? Why is it so
11:27 And in general, with such a complicated
11:29 setup, is it even possible to reach any
11:31 kind of end result, or are these
11:33 negotiations just for the sake of
11:37 >> No, absolutely not. These are, of course
11:39 , negotiations that must yield concrete
11:43 But for us to witness such a beautiful
11:45 conference with the participation of
11:47 heads of state and heads of government,
11:49 reminiscent of Yalta, Tehran, or at
11:52 least the Congress of Vienna, and to
11:54 know the dancing congress that laid the
11:56 foundation for the 19 th-century
11:58 European security system, this is
12:00 precisely what diplomats and special
12:02 representatives must do.
12:05 We're, of course, used to seeing foreign
12:08 ministers as diplomats first and
12:09 foremost, but the negotiating format is
12:12 currently evolving in such a way that
12:14 the key participants are those who are
12:16 trusted by the president.
12:20 Therefore, it doesn't matter what a
12:22 person's position is called—whether it's
12:24 an aide to the president or a special
12:25 representative on a particular issue.
12:28 First and foremost, this is a person the
12:30 president trusts as much as he trusts
12:32 And that's why these very people,
12:34 representing the Russian Federation, the
12:36 United States, and Ukraine, are leading
12:37 these negotiations.
12:39 The foundation is now being laid for the
12:41 agreements that will have to be signed
12:44 by the heads of state. Therefore, I
12:46 certainly don't rule out a summit in a
12:48 variety of formats.
12:50 This includes the possibility of holding
12:52 an APC summit with the participation of
12:54 the heads of state of Russia, China, and
12:58 Perhaps there will be a presidential
13:02 And there, we will at least see the
13:03 institutions of multilateral diplomacy
13:05 with the participation of senior
13:09 But for them to come and sign an
13:11 agreement, it must be approved by
13:13 trusted people, the very diplomats who
13:15 are currently leading these negotiations
13:19 And because behind every comma, behind
13:23 every word, there are vastly different
13:27 That is, we say one thing, and the
13:29 United States and Ukraine mean it in
13:31 fundamentally different ways.
13:34 That's why they are working there as the
13:36 main representatives of the negotiating
13:40 This includes Vladimir Stislavovich
13:42 Medinsky, Deputy Foreign Ministers
13:44 Rebkov and Goluzin, representatives of
13:46 the Ministry of Defense, and the
13:48 relevant expert groups, which also
13:50 include representatives from the
13:52 Ministry of Foreign Affairs and the
13:54 Ministry of Defense.
13:57 This is a multi-layered effort aimed at
14:00 ensuring that the final diplomatic text
14:02 , which will form the basis for the
14:05 regulation, is free from any ambiguities
14:07 and cannot be twisted in a way that
14:09 would ultimately negate all these
14:13 This is precisely why this is such
14:15 complex, painstaking work, and it is not
14:17 always measured in rounds of
14:18 negotiations. You know, Andrei
14:20 Andreevich Gromyka once said that it is
14:22 better to negotiate for 100 years than
14:25 to wage war for just one day. But since
14:27 we have already found ourselves in
14:28 situations where these military actions
14:30 are ongoing, they cannot end on an
14:33 They must end with the signing of a
14:35 peace treaty that will address the root
14:37 causes of the conflict itself.
14:39 This is the complexity of this
14:42 negotiating format.
14:44 >> Thank you very much for your comment.
14:49 studies at the Russian University of
14:52 Strategic Studies and Forecasting, was
14:54 on air last week, just
14:56 >> for reference. The Abu Dhaba round took
14:59 place on November 10th and 11th. A major
15:01 prisoner exchange was agreed upon there
15:03 . Vladimir Medinsky was also at the
15:05 Kremlin meeting, and now Sergei Mordan.
15:08 Regarding why Merz and Macron are
15:10 suddenly in such a rush.
15:17 This is basically confirmed by
15:19 statements from both Putin and Wittkoff
15:22 , although, in general, there's no point
15:28 And this is also confirmed by the
15:30 completely inexplicable, and rather
15:32 shameful, activity that both Macron and
15:35 Merz have been displaying over the past
15:40 That is, literally a week and a half ago
15:45 So, Merz came out and, you know, in
15:47 those Hitler-like tones—the German
15:50 language conjures up such associations,
15:52 of course—he said, yes, we will never,
15:55 never, never surrender, yes, we will
15:58 support Ukraine, no negotiations with
16:03 And then, in a rush, Merz says that, of
16:06 course, the time has come, and he's
16:08 always ready to talk to President Putin
16:13 And Macron suddenly displays some
16:15 surprisingly peaceful attitude.
16:18 This isn't an attempt at separate
16:22 This is a clear understanding that the
16:24 conflict is entering its final phase.
16:28 And it's ending quite differently than
16:30 they expected five years ago.
16:33 And the key here is to be at the
16:35 forefront of whoever can, well, achieve
16:43 the most optimal, I won't say good,
16:46 relations with Russia after the war ends
16:51 Well, that means, at least, the position
16:54 for future negotiations on normalization
16:57 , on restoring economic ties, that
17:00 position will be better held by whoever
17:03 is, so to speak, first at the start
17:07 But it's crucial here to avoid a false
17:11 The key here is always choosing the
17:14 As Lenin said, "Yesterday was too early
17:16 , tomorrow will be too late."
17:20 When every politician asks this question
17:23 , "Where is the turning point?"
17:28 And ultimately, if we're talking about
17:31 the configuration of how the war will
17:33 end, this, I repeat, is nothing more
17:36 than my personal version of how I
17:42 The United States is changing the format
17:45 of its, in principle, participation in
17:48 European affairs. This didn't begin
17:54 That is, the first declaration that the
17:56 United States can no longer rule the
17:58 entire world and be responsible for
18:00 everything was made, believe it or not,
18:04 Obama, whom Trump hates. But he is
18:07 essentially the successor to this
18:09 ideology, which originated within the
18:16 For the United States, Europe today is a
18:20 competitor, with whom, well, there is a
18:24 partnership somewhere, on whom there are
18:28 instruments of pressure through military
18:33 spending, through defense structures,
18:36 but the power of this instrument is
18:40 simply declining day by day.
18:45 Therefore, Washington naturally views
18:47 Europe as a competitor.
18:49 In the long term, they are interested in
18:51 weakening the European Union, or better
18:54 yet, its disintegration.
18:56 In this sense, the approaches of Russia
18:59 and the United States are 100%aligned.
19:03 Neither Russia nor the United States
19:05 need a united Europe.
19:09 And the sooner the European Union
19:11 collapses, the sooner we'll agree on a
19:14 big joint corporate party.
19:16 Well, I'm exaggerating, but that's
19:22 The Europeans, it seems to me, are
19:24 slowly beginning to grasp a simple idea
19:29 I repeat, this is what started the war,
19:33 and the results of 1991 are being
19:36 declared null and void.
19:42 That historic strategic defeat inflicted
19:45 on the Soviet Union in the Cold War—
19:48 that's what they postulate, it was
19:51 postulated in a united West—is no longer
19:55 It's being declared irrelevant.
20:01 The war began because Europe's eastward
20:04 expansion encountered Russian bayonets.
20:11 So, if you're willing, you can, of
20:13 course, discuss the issue of whether the
20:15 war is aggressive or non-aggressive,
20:18 who's doing what, where, and where. It's
20:20 all empty. It's pointless.
20:23 Anyone who is even slightly familiar
20:25 with world history, well, even slightly
20:27 surprised by these words, will say: "
20:29 You're out of your mind.
20:32 Wars don't start because someone is,
20:34 well, pathologically cruel or just wants
20:40 No, there's always a reason.
20:43 Europe, yes, is close to realizing that
20:46 it has lost this war, this clash.
20:50 And yes, the consequences of this loss
20:53 will be very grave, of course.
20:57 Therefore, we are now witnessing, well,
21:00 by and large, the final salvos of a long
21:05 This does not mean that the war will end
21:09 No, it would be good if it ended in the
21:15 But these negotiations and the format in
21:18 which they are taking place, and all
21:20 this political entourage around them, he
21:23 says:" Well, I don't know, personally,
21:26 to be honest with you, he inspires me
21:29 with great optimism. Great optimism. We
21:32 , in general, have crossed that very
21:37 After Abu Dhabi, Merz did indeed say he
21:39 was ready for a phone call with Putin
21:41 and didn't rule out a meeting in Miami
21:43 in December. And Barack Obama said that
21:46 America isn't the world's policeman in
21:49 September 2013. Peace by spring is
21:52 Sergei Mordan's forecast, and only time
21:56 >> We now have the following topic.
22:00 Joining us is Sergei Fyodorov, a leading
22:02 research fellow at the Institute of
22:04 Europe of the Russian Academy of
22:05 Sciences. Sergei Matveyevich, hello.
22:10 >> completely surprising story, one that
22:13 requires expert commentary.
22:17 French President Macron has spent, well
22:20 , quite a few dollars over the last year
22:23 and a half to two years.
22:26 So, he was building this concept of a
22:29 dual nuclear umbrella.
22:31 Clearly, Europe still has the American
22:33 nuclear umbrella, since all of them are
22:37 But he also offered some countries dual
22:39 protection in the form of a French
22:43 Then the following incident occurred.
22:45 And the Germans announced they would be
22:48 developing long-range missiles with a
22:50 strike range of up to 2,000 km. So,
22:53 essentially, they're medium-range
22:55 And Paris realized that they would
22:58 automatically become a target for a
23:01 Russian retaliatory strike. So, who are
23:03 such missiles needed against? And so,
23:06 strange movements begin. My question for
23:10 you is this: Are these uncalculated
23:15 scenarios? So, when this strategy was
23:18 being drawn up in Paris, they didn't
23:20 consider how it might end?
23:23 Or, we need to look at all of this in a
23:26 Take the talks in Abu Dhabi. Gradually,
23:29 the parties are opening up negotiations
23:31 with Europe. And then the question
23:33 arises: who will be the main peacemaker
23:36 in Europe? Your opinion, please.
23:38 >> You know, first of all, regarding this
23:45 umbrella of the American and French.
23:49 Initially, the talk was about Macron
23:51 speaking, I think it was in March of
23:53 this year, if I'm not mistaken, about
23:56 forward deterrence, that is, the
23:58 deployment of French Rafale fighters,
24:01 nuclear-capable carriers, in several
24:03 countries, about ten countries.
24:06 The last ones were the Finns, who joined
24:08 in, you know, on September 14th.
24:12 On October 27th, there was a joint
24:14 meeting with the French, apparently
24:16 regarding the details of Finland's
24:19 participation in this
24:25 So, here I'm a little confused about the
24:27 difference between concerns about these
24:29 long-range missiles that Germany and
24:32 France, among others, will be making or
24:34 are already making.
24:37 And the question of whether these
24:41 medium-range missiles will be armed with
24:48 So far, at least in France, they haven't
24:51 They had naval missiles on submarines,
24:55 but they also had corresponding missiles
24:58 on glides, which are suspended from
25:05 But frankly, I haven't heard anything
25:07 about these 2,000-range missiles armed
25:13 That's why I think there might be some
25:16 misunderstanding, or what caused
25:19 Macron's concern isn't entirely clear,
25:21 because, as far as I understand, he
25:24 called for not being afraid to strike
25:27 deep into Russia, meaning using weapons
25:31 They supplied Scalp missiles along with
25:34 the British, which, you know, the
25:39 So, to be honest, I don't quite
25:41 understand what Macron is worried about
25:43 , and why he suddenly became concerned
25:45 about Germany's decision—that is,
25:48 whether it's possible to produce these
25:50 missiles or use them.
25:53 That's why, well, it sounds a bit, well
25:57 , not entirely appropriate, so to speak
26:01 , because today Macron stated, you know
26:04 , on the sidelines of this European
26:08 Political Community, which is currently
26:12 meeting in Dublin, that it is necessary
26:15 , that supposedly about 40 countries
26:18 participating in this gathering have
26:21 agreed on how to understand European
26:23 security. That's it. So, what do they
26:26 need to do with this common platform for
26:28 negotiations with Russia? True, he
26:30 didn't mention participation in the
26:33 Ukraine negotiations, at least. True, he
26:36 didn't give any more specifics. That's
26:38 it. But nevertheless, that's where
26:40 things stand for now.
26:42 So, so, what was it that worried Macron
26:45 about the relationship with the Germans
26:49 Frankly speaking, I
26:54 can't really judge that yet.
26:56 >> You know, I was just observing this
26:59 strangely growing belligerence in Paris
27:02 —and it's not that I think the French
27:05 shouldn't or can't be belligerent there
27:09 ; of course, they can.
27:14 But, looking at the real state of
27:16 affairs in the French economy and in
27:18 terms of electoral cycles, well, in
27:21 general, a picture emerges that would
27:30 And I had the idea that, both then and
27:34 now, Macron was, among other things,
27:37 trying to attract attention.
27:40 You won't believe Putin.
27:43 Well, I mean, right now it was actually
27:45 stated directly that he was ready to
27:47 represent Europe in negotiations with
27:55 But he also called and visited in 1922.
27:57 So, it was a kind of show, which many
27:59 have already forgotten, but back then it
28:01 also caused some astonishment.
28:03 I mean, why so much action and so little
28:09 Well, you know, France has always
28:12 positioned itself in Europe, at least as
28:15 a major military-political player.
28:18 It was, of course, inferior to Germany
28:21 economically, and even more so now.
28:24 Now, so to speak, it is becoming known
28:27 as the sick man of Europe.
28:30 So, in my opinion, it has adopted this,
28:32 so to speak, this honorable mission from
28:37 That's why, nevertheless, the ambitions
28:40 of France, a country that considers
28:42 itself a middle power, but nevertheless
28:45 with global interests, this desire to
28:47 play in a league beyond some of its
28:50 capabilities, is always present.
28:55 That's why France is concerned about its
28:57 relations with Germany, particularly
29:00 Germany's plans to make the Bundeswehr
29:02 the main military force in Europe.
29:06 In this regard, France, it seems to me,
29:08 has no intention of relinquishing its
29:10 military-political leadership.
29:13 Hence all these initiatives, forward
29:15 deterrence, and, consequently, this
29:18 discussion of European security issues
29:21 at the meeting, that is, at the
29:23 conference in Dublin—all of this is key
29:29 Especially since, after six months,
29:31 Macron is stepping down from active
29:33 political activity, vacating his place
29:36 at the Élysée Palace.
29:38 So, for now, he needs to—at least,
29:41 domestic policy matters are simply in
29:45 Therefore, it's very important for him
29:47 to also make his mark on the foreign
29:50 In my opinion, the combination of these
29:53 considerations is what's driving Macron
29:56 to talk about himself as one of the
30:01 mediators who could participate in the
30:04 discussion of a diplomatic settlement of
30:07 the conflict in Ukraine.
30:10 >> And to what extent would he be suitable
30:12 as a mediator for other European
30:15 partners? What do you think?
30:18 You know, well, first of all, Macron's
30:21 big problem, like all of our former
30:23 European partners, is
30:27 that they demonized Russia. And that's
30:30 why Macron has now said so many nasty
30:32 things about us, the non-governmental
30:34 organizations, and continues to do so.
30:37 So, to declare himself a mediator after
30:39 everything that happened is somehow, you
30:41 know, not entirely ethical, I would even
30:44 say, in a political sense.
30:46 That's it. Although, unfortunately,
30:48 politics is a matter where ethics may
30:50 not be the most important thing. That's
30:56 the task is to participate in these
30:59 trilateral discussions, no matter what,
31:03 to prevent the Ukrainian issue from
31:06 being resolved in discussions between
31:09 the US, Russia, and Ukraine.
31:14 And, in any case, to make these
31:17 negotiations accessible to Europe.
31:22 That's the main thing.
31:24 Macron was very happy when he said that
31:26 it was wonderful that they had destroyed
31:28 the spirit of Anchorage, which, you see
31:30 , had fizzled out thanks to Europe's
31:34 Now, it seems to me, they will try to do
31:37 the same to some extent, given the
31:39 emerging signs of, well, if not a
31:41 glimmer of hope, then at least progress
31:43 in terms of a diplomatic solution to the
31:46 Ukrainian conflict.
31:48 We'll see what the Europeans have to say
31:51 about this in Dubna, where the American
31:54 visitors who were in Moscow today will
31:57 arrive today or tomorrow.
31:59 And what will they bring with them after
32:04 the talks in the Kremlin for the
32:07 Europeans 'attention?
32:10 >> Yes, we will, of course, be watching.
32:12 Thank you very much, Sergey Matveyevich
32:14 Sergey Fyodorov was on our broadcast, a
32:16 leading researcher at the Institute of
32:20 The main unknown in this equation is
32:29 Europe's focus on continuing the war.
32:31 It was also rational.
32:34 That is, initially, the focus was on
32:36 inflicting a complete strategic military
32:40 This didn't work out, as you understand
32:45 Then Europe developed a strategy of
32:46 military exhaustion for Russia, that is
32:48 , maintaining the conflict in Ukraine
32:50 for as long as possible.
32:53 Clearly, this is difficult; it costs
32:56 both money and the Russian Federation's
33:01 Well, the main thing is to buy time.
33:04 Another question: do they really have
33:07 the time they're trying to buy
33:09 themselves, or not?
33:12 Because in the next electoral cycle, the
33:14 political elites of the largest European
33:16 countries will most likely change.
33:21 >> Finland joined the French forward
33:24 deterrent on September 14, but it won't
33:27 have any peacetime nuclear weapons.
33:30 Germany is building 2,000-kilometer
33:31 missiles together with Britain. The
33:34 deadline is the 1930s.
33:36 And in Dublin today, about 40 countries
33:38 are preparing a declaration: "Deciding
33:40 Europe's security together with
33:43 >> Now we'll talk about extramarital
33:45 affairs and their dangers. Yes. Yes.
33:49 So, and today he suffered, well, how did
33:54 He suffered, apparently, when the
33:57 entrepreneur, founder of the Nvidia
34:00 corporation, CEO Jensen Huang, entered
34:03 into these very extramarital affairs.
34:07 I don't know if you've seen him or not.
34:11 Perhaps you've seen him in photographs
34:14 somewhere—a short, handsome, elderly
34:19 He always wears this short, fashionable
34:21 , ah, leather jacket. He has such a
34:26 Ah, well, it's obvious he takes great
34:28 care of himself, like two hours a day at
34:33 It's hard to stay in shape at 63, right
34:36 What did you think?
34:38 Well, actually, when you see such a fit
34:41 , athletic man in the last throes of his
34:44 youth, you can always expect some kind
34:50 And Mr. Huang's fate is living proof of
34:55 But it's not even about, as some say,
34:58 the fact that he was found to have
35:00 extramarital affairs.
35:03 Although I would argue with that, and
35:08 The thing is, the woman the
35:14 newspapers reported him having a
35:17 romantic relationship with, also Chinese
35:20 , was discovered by someone, probably
35:23 the intelligence services, that she's
35:26 not just Chinese, not just a
35:28 businesswoman, but also a Chinese spy or
35:31 intelligence officer.
35:34 So how should we talk about Chinese
35:36 intelligence officers?
35:38 Are they spies or intelligence officers
35:39 ? I think if a Chinese person is
35:42 conducting intelligence work on Russian
35:45 territory, he's a spy. And then,
35:47 accordingly, he's subject to martial law
35:51 But if he's dabbling in the secrets of
35:53 an American corporation, then he's most
35:55 likely an intelligence officer.
35:59 At this point, it seems to me, our goals
36:01 , objectives, and interests actually
36:07 this woman, Alice, is also a Huang.
36:10 What puzzles me is that not all of them
36:15 Like Don Pedrov in Brazil, or is this
36:17 just a slander to take down a powerful
36:23 But the fact is, events unfolded rapidly
36:25 over the course of three days, when the
36:27 first news broke about those
36:31 photos of him and her drinking some wine
36:34 , smiling side by side at some reception
36:38 And, I repeat, less than three days
36:40 passed before today's resignation
36:43 And, frankly, we Russians, and we normal
36:47 people in general, don't understand
36:51 their logic. That's it.
36:54 This isn't the first time the American
36:58 moralizing machine has destroyed the
37:02 careers of, well, absolutely brilliant
37:05 people, who, you know, as they say, have
37:10 done so much for their country that they
37:14 deserve not only a hero's medal or two,
37:20 but a monument in their homeland.
37:23 True, Comrade Huang's homeland is in the
37:26 People's Republic of China.
37:28 He's a classic first-generation Chinese
37:33 So, he was born in China, emigrated to
37:36 the States, studied, became everything,
37:39 created a corporation that is now worth
37:42 , mind you, 4 trillion dollars.
37:45 Well, the amount there is, well, it’s
37:48 completely impossible to comprehend.
37:50 But the fact is that the Nvidia
37:53 corporation, which produces, well, all
37:56 these buzzing things without which no
37:59 artificial intelligence works, is the
38:02 engine of this hysteria associated with
38:05 artificial intelligence.
38:08 Mr. Huang, this is the artificial
38:11 intelligence industry. Exactly. Exactly
38:16 This industry has gray hair, it’s 63
38:19 years old and of Chinese origin. And
38:22 this man who built all this is now being
38:31 Pardon my French question.
38:35 And in my opinion, the story with the
38:38 Chinese spy, you know, who was leering
38:41 at him for all his secrets through his
38:44 bed—well, that’s some kind of nonsense,
38:49 Naturally, I immediately remembered the
38:51 quote from Vysotsky.
38:52 There are spies with strong bodies. You
38:54 open their door, they go out the window
38:56 . Say that we finished this matter a
38:59 long time ago. A trip abroad. A song. If
39:03 suddenly you don’t know, listen later.
39:06 And here it’s roughly the same as what
39:10 happened with the CEO of, say,
39:19 not harming our own values here by
39:21 mentioning American corporations.
39:23 Am I taking too pro-American a position
39:26 , gentlemen? No. Well, excuse me, I’m a
39:28 person of the late Soviet era.
39:30 This is important to me. McDonald’s was
39:33 important to me, as it was to you, I
39:35 think. There you have it.
39:38 And Steve Insburg, or rather Easterbrugg
39:40 , was, then, the man who increased the
39:42 value of this very McDonald’s, if I’m
39:44 not mistaken, something like 10 times.
39:47 That is, he enriched shareholders, both
39:51 corporate and millions of private
39:53 shareholders. That is, he built a
39:59 He raised him to some incredible state.
40:03 And he, too, and his system, were
40:05 devoured by simply because he had
40:08 an affair with his subordinate.
40:11 Moreover, he was divorced at the time,
40:15 and she was not married.
40:18 But no one cared, because you, a scumbag
40:20 and a scoundrel, have no right to have
40:23 an affair at work with your own honor.
40:26 Can you imagine, you're not allowed to
40:28 have an affair. And where else would a
40:30 working person have one? What, where?
40:32 Should he go to the Tretyakov Gallery,
40:34 or go to an exhibition at the theater
40:37 and meet people there? And this is pure
40:42 Seriously speaking, how will this whole
40:46 spy-dultery plot end?
40:52 the conclusions that can be drawn here
40:54 are, well, rather terrifying. I suggest
40:57 you listen to me carefully.
41:02 Most likely, the next stage of this
41:06 tabloid drama will be a sharp deflation
41:11 of the US stock market bubble.
41:16 So, well, you'll say, "We don't give a
41:19 damn about the American stock market.
41:21 What are you even doing pulling our leg
41:24 I insist that if the US stock market
41:27 collapses, and, oh, and at the same time
41:31 , economists are talking about some
41:34 pretty serious problems in the real
41:37 economy, then that global financial and
41:41 economic crisis will occur, the one I
41:44 like to talk about with my invited
41:47 guests on Saturdays, the day after
41:52 We'll talk about it.
41:55 And, accordingly, if this financial and
41:59 economic crisis really does hit the
42:02 world, and the fall of NVIDIA is that
42:06 classic black swan of the Solomon
42:09 Brothers type, which could happen, well
42:12 , it won't be a bad thing for anyone,
42:19 Therefore, I would personally advise you
42:22 to read the news, find out who Mr. Huang
42:24 is, who Alice Huang is, what Invision
42:27 Corporation is, what's going on there,
42:29 who's with whom, when, and why.
42:32 Well, and, as you remember, get ready to
42:35 check your buckwheat and stewed meat
42:39 This is some unexpected advice for you.
42:44 Huang left his posts on November 11th.
42:47 Chief Financial Officer Colette Kress
42:49 has been temporarily appointed as head
42:50 of the campaign, and Beijing has
42:52 dismissed the espionage report as
42:54 slander. Nvidia's market capitalization
42:57 is around $ 4.5 trillion. Will this
42:59 story become a black swan for the market
43:04 For today's broadcast, for the first
43:07 part, I wanted to, for a rare occasion,
43:10 invite a real State Duma deputy, a real
43:13 legislator, to our studio, at least
43:16 remotely, to talk, well, ask what guides
43:19 them in general, how their minds work.
43:23 This is where my research interest was
43:26 awakened once again.
43:28 Well, naturally, my colleagues tried to
43:31 call several authors of the bill we'll
43:34 be discussing now, but it didn't work
43:39 They all succinctly said, "There's no
43:44 We can't, we can't." I'm not even sure
43:46 you can do anything in principle. Oh
43:50 I'll have to, so to speak, monologue on
43:54 yet another legislative product of our
44:01 So, just in case, what are we talking
44:07 The State Duma voted in the first
44:10 reading for the amendment bill, the bill
44:15 There's a whole list of laws, including
44:18 , for example, criminal-administrative
44:20 legislation, establishing administrative
44:23 fines for disseminating materials.
44:28 Here, it's best to highlight those that
44:31 discredit traditional Russian spiritual
44:34 and moral values and refuse to remove
44:38 Well, remove materials that discredit
44:41 traditional Russian spiritual and moral
44:47 And this is one of the favorite, well,
44:49 philosophical and ideological entities
44:52 that exist in our lives.
44:55 Naturally, we have to speak about them
44:57 with some caution, because they were, so
45:00 to speak, introduced, by proxy, into the
45:03 space of our public life by presidential
45:07 That's why everyone here is, generally
45:08 speaking, sucking in their stomachs a
45:11 So, everyone understands that the decree
45:13 , of course, was written in the office
45:15 with real people in attendance, but the
45:17 decree written on the top is the decree
45:19 of the President of Russia, and that,
45:21 naturally, binds someone.
45:24 It seems the communists have recently,
45:27 so to speak, revived an old custom, like
45:29 : "What, you bastard, don't you like
45:34 Well, you can change your name, but
45:35 that's their go-to, so to speak.
45:38 It's a well-used technique for political
45:40 debate. Well, not only them, though.
45:44 And so I, like everyone else, especially
45:47 all representatives of my generation,
45:50 the last Soviet, late Soviet generation
45:54 , which was fed up with traditional
45:57 spiritual Soviet values, just like that
46:00 , right here, right here.
46:05 And, accordingly, we were so fed up with
46:08 them in our youth that, with incredible
46:10 enthusiasm, starting in the late 1980s,
46:13 we rushed to shake the dust of these,
46:15 you know, false Soviet values from our
46:21 So, let's find out what exactly the
46:24 Soviet regime and those damned
46:26 communists were hiding from us.
46:29 What exactly were they hiding from us,
46:32 what joys did they deprive us of? What
46:35 did they watch in all those saunas and
46:39 those other mythologized Komsomol
46:42 sabbaths, so brilliantly described by
46:49 I must say, looking back on those years
46:51 , there was nothing of the sort.
46:54 That is, nothing worth lashing out at.
46:59 Moreover, from 2026, a time when, so to
47:03 speak, fornication, debauchery, and any
47:06 kind of perversion are incredibly
47:09 accessible to any citizen with a mobile
47:12 phone and internet access, these joys
47:15 that those damned party officials
47:18 watched in safe houses and forbade
47:21 ordinary Soviet workers from watching
47:27 absolutely ridiculous.
47:28 My God, what are we talking about? What
47:31 are we talking about? But
47:36 this discussion could have been ended
47:38 here, say, 10 years ago.
47:40 There's nothing to talk about. It's all
47:44 So, it's 2026, and a new, renewed State
47:47 Duma comes in, and with stony faces and
47:51 glassy eyes, they unanimously vote for
47:54 the bill in its first reading.
47:58 So, these educated adults, many with
48:01 academic degrees, decide that the
48:04 country can't live without fines for
48:08 audiovisual products that discredit
48:17 And, what's more, they need to be
48:19 punished, and every scum and scum who
48:22 refuses to remove these damned
48:24 audiovisual materials.
48:27 Well, they probably need to be removed
48:32 Here I'm kind of pausing, but on which
48:35 social media can one currently find
48:38 materials that discredit, ah,
48:43 values? I'll let you in on a secret. I'm
48:46 an active YouTube user.
48:51 And I know perfectly well that finding
48:53 any nudity or anything spiritually
48:56 uninspired on this very slow YouTube is
49:01 Everything is copyrighted. And even
49:04 trying to insert a clip from any movie
49:07 is automatically punished by an
49:10 immediate ban. It's prohibited. So,
49:13 where can I scoop up this genuine
49:17 spirituality with a big ladle, so to
49:20 speak, on all Russian video hosting
49:24 sites, without exception?
49:28 When I'm too lazy, you know, downloading
49:31 torrents like an old man in a movie, it
49:33 really gives away my age. Under no
49:36 circumstances should you talk about this
49:39 in front of anyone under 45. That's it.
49:42 I do download it sometimes, but when I
49:45 need a translation, like my favorite one
49:47 , like, say, a translation of Goblin,
49:50 which also costs money, but you can buy
49:52 it somewhere in online cinemas, I, like
49:54 , as I'm used to, I download it from
49:59 So, on all sorts of "NaruTube," on VK,
50:02 everything is publicly available there,
50:06 there are video and audio materials.
50:10 Well, there are tons of all sorts of
50:14 discrediting traditional Russian
50:17 spiritual and moral values, any you want
50:23 So, let's say I come home in the evening
50:27 and suddenly, suddenly, I get attacked,
50:30 and I say: "How can I, like, spend a
50:33 couple of hours today, spiritually
50:38 Well, I'll just act like an old
50:44 I'll go against everyone else.
50:47 I'm about to go on air, with this idea,
50:50 all worked up, hair on end, I think I'll
50:53 show you, deputies, something soulless
50:58 That could happen, yes, easily.
51:01 I'm not sure it's possible now, well, on
51:05 our sovereign Russian video hosting
51:08 sites, to watch the filmography of the
51:11 recently deceased, but renowned
51:14 pornographer Tinto Bras.
51:16 Have you heard of that? If you're more
51:19 or less old, like me, you've certainly
51:21 heard of it. This is our time, you
51:25 remember, when we were 20, 25, that was
51:30 the dawn of this, you know, old pervert
51:34 . Although, again, from our 2026, his
51:38 films look so naive, so puritanical,
51:42 that you feel a downright awkward
51:46 feeling, like once upon a time, the
51:50 curtain fell, a hormonal fog was in your
51:54 eyes. Pomerantintobras. I'm sure that
52:04 advocate for the preservation of
52:08 traditional Russian spiritual values
52:12 knew Tintabras inside and out 35 years
52:16 ago, watching him regularly. Moreover,
52:20 they even had favorite films, I don't
52:22 know which ones. Maybe it was the
52:24 classic Caligula. Or maybe it was
52:27 Peeping Tom, I don't know.
52:30 But they 100%watched him. And now Tinta
52:33 Bras is dead. You can watch him, I
52:35 repeat, on sovereign hosting services.
52:38 But not on free, slow-motion YouTube. So
52:41 who are you planning to fine? Gentlemen
52:45 of the Duma, I can't understand.
52:48 >> The bill on fines was supported by the
52:51 relevant Duma committee on November 9.
52:53 According to RIA Novosti, individuals
52:55 face fines from 5,000 to 20,000 rubles,
52:57 and companies up to a million. And if
53:00 you delete the material within 24 hours
53:02 , there is no fine.
53:05 Tinta Bras died on November 4 in Rome.
53:10 >> Our domestic online cinema is a rather
53:13 strange invention to me.
53:16 I repeat, I can't keep up with these
53:19 technological advancements.
53:21 We were just getting used to, uh, well,
53:24 let's take it one step at a time. So,
53:27 first there were video cassettes, then
53:31 Each of us, well, once a week, went to
53:34 Gorbushka, where we stocked up on this
53:37 endless assortment of this crap that was
53:41 impossible to watch.
53:43 There wasn't enough time. Then torrents
53:46 appeared, we learned how to download.
53:49 Some people stored it on hard drives,
53:52 some initially on discs, and recorded
53:55 DVDs, whatever was convenient for them.
53:59 Then online cinemas appeared.
54:03 I'll tell you honestly, I have a
54:05 subscription to probably all the Russian
54:09 Well, it's not that expensive. But what
54:13 if I'm missing something? What if
54:14 something is out there somewhere. I'll
54:18 The main screen opens, and this iron
54:21 blockhead inside thinks it knows my
54:27 It doesn't know a damn thing.
54:30 Russian artificial intelligence, even if
54:32 it wasn't invented by Minister Krovtsov
54:35 , knows nothing about my tastes.
54:38 It offers me countless
54:42 videos of crap, produced, well, by
54:45 countless domestic filmmakers.
54:50 They're producing, I repeat, I'm ready
54:52 to tell anyone, they're producing stuff
54:54 that, well, let's be polite, isn't worth
54:59 There's no need to waste money, life, or
55:04 You don't need to enroll in GITIS or
55:06 graduate from a higher directing course
55:09 to star in this garbage.
55:13 It demeans human dignity and directly
55:16 contradicts one of Russia's traditional
55:19 spiritual and moral values, enshrined in
55:22 the Russian president's decree.
55:26 That's what Russian online cinemas offer
55:30 So I'll look at them, see what they're
55:31 offering me to watch.
55:34 I think, screw you, I don't want to
55:41 I assume, in fact, that most of this
55:44 filmmaking—since it's made on the fly,
55:48 without any love, without any interest
55:51 in the profession, without any human
55:54 motivation at all—there's probably some
55:58 kind of, you know, dull, boring,
56:01 completely unexciting lack of
56:07 I mean, when even the late Tinta Braz
56:09 made films about lack of spirituality,
56:13 Yeah. But he was still quite a young man
56:15 then. He was really into it.
56:18 There he was, looking through the video
56:21 camera at the actress who was playing
56:23 some kind of woman.
56:26 And you could see that he was shaking,
56:28 and the audience was shaking, too.
56:30 This is what Russian filmmakers are
56:33 making today, this collective Sarik
56:36 It's not that it doesn't shake me, it
56:39 makes me not want to live.
56:41 What's there? Is there anything there
56:43 that contradicts spiritual and moral
56:45 values? Well, let's discuss it, actually
56:48 , what do they include?
56:50 What is there to contradict?
56:53 Human dignity, well, I already said it,
56:56 but the very fact that all this film
56:59 production is appearing is an insult to
57:01 human dignity, human rights and freedoms
57:05 I don't even understand what we're
57:07 talking about. Patriotism is complicated
57:12 It's complicated when talentless
57:14 scoundrels make a film about patriotism
57:17 ; I think they should send the entire
57:20 film crew to GULAK for that.
57:23 Civic consciousness is unclear. Service
57:26 to the fatherland, responsibility for
57:28 its fate. Fine. And what about high
57:33 A strong family, a strong family is one
57:35 of the traditional Russian spiritual and
57:40 You know how many divorces there are in
57:43 Russia. Do you know? No. Well, let me
57:46 remind you. Let me remind you.
57:50 About eight years ago, the statistics
57:54 that stuck in my head were that 40%of
57:57 marriages ended in divorce within three
58:00 years, and then another 35%ended in
58:03 divorce within seven years.
58:08 A lot has happened since then, and now,
58:09 I think, the statistics are even more
58:13 That is, the chances of getting married
58:15 and, so to speak, growing old and dying
58:17 with one spouse are
58:24 I'm not drawing any moral or ethical
58:29 I'm simply stating that this is how life
58:34 The family, as an institution, has
58:36 suffered a complete catastrophe.
58:39 And it's routine. No one is surprised by
58:43 No one is surprised at all. And,
58:46 therefore, it's good that people make
58:48 movies. People make movies.
58:52 But in those movies, it's acceptable to
58:55 say that the heroine has, say, two
58:59 marriages in her medical history, and
59:02 the hero four or five.
59:06 I personally know people, several decent
59:08 , good, kind people, who have been
59:10 married four or five times.
59:13 Well, that's just how life turned out.
59:16 Their lives are such good people, I
59:18 sincerely love them, but that's just how
59:23 So. Can this part of life be discussed
59:25 in a film, or is there no chance of
59:27 getting a distribution license for it?
59:30 In theory, there isn't any.
59:35 Well, the fact that in that case, a fair
59:38 share of Soviet classics would have to
59:41 be, uh, thrown out of, uh, the libraries
59:44 of these very same online cinemas.
59:47 It never occurred to anyone. Well, the
59:50 autumn marathon, well, here's an example
59:53 that's on the surface, you remember it.
59:55 Look, there's a young Basilashvili there
59:58 , there he is, hiding from his wife, her
60:01 mistress cheating on him in such a
60:04 humiliating way over the phone. Well,
60:06 the film is absolutely brilliant.
60:10 Or the film "Kindred," it's the same
60:13 It's about the tragedy of divorce.
60:17 That film by Nikita Sergeyevich
60:19 Mikhalkov, you want to ban that too?
60:23 And nothing will break there? How's your
60:27 ban? Would it be possible to ban Nikita
60:30 Mikhalkov's film? I think the ban would
60:35 So who are you going to ban?
60:39 Films, then, that promote the denial of
60:43 humanism, the denial of mercy and
60:47 You know what comes to mind?
60:50 Films that denial of humanism, mercy and
60:54 Rambo, and First Blood. Well, classics.
60:57 I grew up on these.
61:02 From the new John Wick.
61:05 Well, the first part is perfect. He
61:08 killed 300 people because gangsters
61:11 killed his dog. You see? Gangsters
61:14 killed his dog. And for that, John Wick
61:17 , a Russian, by the way, killed 300
61:19 people. That film should also be banned
61:23 Let's ban it. Right. Right.
61:27 Let people watch banned stuff in their
61:30 apartments in secret, so that it becomes
61:33 prestigious, like it was in the late
61:37 That's how it will all end.
61:40 About divorces. Sergey Zakharov, a
61:43 demographer at the Higher School of
61:45 Economics, believes that more than half
61:47 of marriages in recent years could end
61:50 The autumn marathon aired in 1979,
61:52 Mikhalkov's family in 1981. Next up, a
61:55 conversation with an economist about the
61:58 Central Bank rate and mortgages.
62:01 >> And now economist Andrey Podoynitsyn
62:05 We'll talk about a truly pressing issue
62:08 : Elvira Nabiullina.
62:11 Andrey Vladimirovich, I wholeheartedly
62:14 >> God bless you, Sergey Sarovich.
62:16 >> And God bless you too.
62:19 So, today Elvira Skhibzana said
62:21 something so absolutely right.
62:27 My only regret is that she didn't, with
62:30 all that Roman bluntness, say it all to
62:33 the faces of that construction lobby
62:36 sitting there earlier, and listen to her
62:41 And to all the complaints she was faced
62:43 with, like demolishing the rate, there
62:45 should be affordable housing, we should
62:47 offer preferential loans.
62:51 And, my dears, it shouldn't be
62:54 unaffordable mortgages, but affordable
62:59 And here, uh, I'd like to draw the
63:01 attention of our esteemed viewers and
63:04 After all, we're all adults, and many of
63:06 us have this in our heads. How much did
63:09 an apartment in your city cost, say,
63:14 And how much does a square meter cost
63:18 And no one can wrap their head around
63:23 And so, trying to shift the problem onto
63:26 the head of the Central Bank has always
63:29 looked, well, a little strange.
63:32 I have the following question for you.
63:34 Is Nabiullina's statement a threat to
63:37 the construction lobby or not?
63:43 Sergey, I would put the question a
63:46 little differently.
63:48 So, we've discussed repeatedly here on
63:51 air that no amount of exercise with
63:53 preferential mortgages and preferential
63:56 programs will, in and of themselves,
63:59 improve housing affordability.
64:02 Housing affordability is the parameter.
64:05 Only one single measure improves housing
64:08 affordability: a radical expansion of
64:10 construction volumes.
64:14 >> construction. I apologize, I'm just
64:16 interrupting. Time is short. But it's
64:18 not profitable for construction
64:20 companies, for that very construction
64:24 >> Their goal is to maximize profits, bucks
64:29 >> Okay, just a minute. So, we live in a
64:31 market economy, in a market economy.
64:34 Builders act completely logically and,
64:36 so to speak, understandably within their
64:40 Secondly, I wouldn't forget what share
64:43 of the cost of one square meter of
64:46 housing is the cost of financing.
64:50 Let's take, for example, such specific
64:52 things, specifically technical,
64:54 engineering-technical things,
64:56 >> how much, for example,
64:58 >> when in the past, in this year, I think
65:00 , there were problems with an airplane,
65:03 figures appeared online, accidentally
65:05 and not accidentally, about the
65:07 airplane's financial result and,
65:09 accordingly, the interest, the financial
65:11 burden on this very airplane, and what
65:13 share they constituted in the airplane's
65:18 I'm not going to claim the accuracy of
65:20 these figures now, but the parameters
65:23 were such as, for example, 146 billion
65:28 The financial result, that is, the
65:30 overall profit, yes, but of those 146
65:33 billion, about 130 or 135 billion were
65:36 interest on servicing the financial
65:39 efforts of this aircraft.
65:41 That is, servicing the loans. That's the
65:45 big problem. Well, there was no need to
65:47 take out loans, excuse me.
65:49 >> Well, then, building
65:50 >> everything would be very simple.
65:51 >> No, well, yes, of course, then there
65:53 would be nothing to build. No loans, no
65:55 construction. Well, the logic here is as
65:57 straightforward as a shaft. The money
65:59 for construction has to come from
66:01 somewhere. Where from? It doesn't just
66:03 fall out of the sky.
66:05 In order to get, so to speak, accounts
66:07 from crow accounts, you first have to
66:09 take out a loan, build, hand over, and
66:10 then get the money from modest accounts
66:13 You know, it's the same with government
66:17 Where will people get the money to carry
66:19 out all this construction? That's one
66:20 thing. Secondly, the cost of connections
66:23 , excuse me, right? That is, roads,
66:27 energy, water, sewage, all the
66:29 infrastructure—all of that is included
66:32 in the price per square meter.
66:35 Plus, in some cities, for example, in
66:37 the capitals, as far as I know, in
66:39 Moscow, there is definitely a certain
66:42 social burden. Naturally,
66:44 >> in principle, this is a good issue. True
66:47 , it can and can be addressed
66:48 differently, but nevertheless, it all
66:50 comes down to this square meter. Then a
66:52 situation arises when preferential
66:54 mortgages appear. Moreover, preferential
66:57 mortgages are somewhat non-selective
67:01 That is, the same person—the same
67:02 individual, or a family—can take out
67:04 several preferential mortgages based on
67:07 That is, they clearly don't need this
67:10 housing for personal consumption.
67:12 But for investment purposes, this is
67:14 again normal, logical behavior for
67:16 people who want to invest reliably, to
67:19 accumulate their resources.
67:21 It is impossible to hold these resources
67:23 in rubles, because they, uh, depreciate
67:27 Just before our program, I looked at the
67:29 deflator from 2014 to 2026. Naturally,
67:32 people are investing in housing.
67:35 This is perfectly reasonable.
67:36 But the result is that if there are
67:38 preferential and non-preferential
67:40 mortgages, the interest rates on the
67:42 non-preferential and preferential
67:44 mortgages differ by a factor of
67:46 >> three to five. This means that the
67:49 monthly payment also differs by the same
67:52 amount. Well, almost the same factor,
67:55 >> So, a non-preferential
67:57 >> mortgage can cost 35-45,000 per month,
67:59 while a non-preferential mortgage can
68:01 cost 100. Accordingly, how many families
68:04 can afford 35-45 per month, and how much
68:06 ? A hundred or more? Clearly, all this
68:10 mass of people is coming into the market
68:12 . But how can this market grow three or
68:15 four times in volume? It's completely
68:17 impossible. It's fundamentally
68:19 impossible. The market has grown by
68:21 somewhere between 5%, 10%, and 15%.
68:24 But it's inelastic. If we leave it as a
68:28 market, it will be inelastic.
68:33 Andrei Vladimirovich, we have...Yes, and
68:35 you see, the internet went down, yes,
68:39 Well, I'll finish here. Today's
68:41 broadcast is almost over. And some
68:45 disappointing news for you, my friends.
68:49 -Well, no matter what the head of the
68:51 central bank says, no matter what the
68:54 esteemed economists say, as I understand
68:57 it, the affordable housing that Elvira
68:59 Nabiullina mentioned is not in sight
69:04 Why? Well, for a rather long list of
69:07 reasons. One of these reasons, of course
69:10 , is the ongoing, yes, special military
69:13 operation. Here, in general, we need to
69:19 Okay, and that's the end of my program
69:22 I'm happy to hand over the floor.
69:26 So, ah, my colleagues are telling me not
69:31 I'm always ready to talk to you,
69:33 although we'll see each other tomorrow
69:35 at exactly the same time and discuss the
69:36 most important news.
69:39 As for apartments, I honestly don't
69:42 really understand all this hubbub of
69:47 Who's more to blame, who's less to blame
69:50 ? Well, we have a market economy, and it
69:52 wouldn't be any other way. I know
69:54 perfectly well how so-called state-owned
69:58 And it's a working, understandable, and
70:01 correct system for public sector
70:02 employees, for the military, for police
70:05 officers, for officials, for all people
70:07 who work for the state.
70:10 But, thank God, not everyone works for
70:15 And so, one way or another, something
70:18 will have to be done about it.
70:22 That is, why put people in a bind when
70:25 they basically can't afford any housing
70:28 because the interest rate on a
70:30 commercial loan is over 20%.
70:36 >> Nabiullina called the 14%rate justified
70:39 in the Duma today and said, "Citizens
70:41 don't need affordable mortgages, they
70:43 need affordable housing."
70:46 And in January, the aircraft developer
70:48 asked the government for a preferential
70:51 loan of 50 billion rubles. That was
70:54 Sergey Mordan's broadcast. Do you think
70:56 housing will become more affordable?
70:59 Let us know in the comments and