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According to IFRS reporting, LUKOIL received 565 billion rubles in profit for the first half of 2023. Of these, 302.6 bi...
17/09/2023

According to IFRS reporting, LUKOIL received 565 billion rubles in profit for the first half of 2023. Of these, 302.6 billion rubles were received in the first quarter.
This is Lukoil's first reporting since the end of 2021. With the introduction of sanctions due to the conduct of Russia's ‘Special Military Operation’, Lukoil, like many Russian companies, stopped publishing consolidated financial statements.

For the first quarter of 2021, Lukoil’s profit amounted to 302.6 billion, for the first half of the year – 348 billion. Revenue for the first half of the year amounted to 3.6 trillion rubles. The company has 1 trillion in cash equivalent on its balance sheet.

Read More: us.politsturm.com/in-the-first-half-of-the-year-lukoil-received-half-a-trillion-in-profit

The total wealth of the richest Russian businessman has grown by $32.341 billion since the beginning of 2023. TASS repor...
17/09/2023

The total wealth of the richest Russian businessman has grown by $32.341 billion since the beginning of 2023. TASS reports this with reference to Bloomberg's Billionaires Index study.

The Billionaires Index is calculated based on the share price of companies in which billionaires own shares. The ex-head of the oil company LUKOIL, Vagit Alekperov, earned the most money in 2023. Since the beginning of the year, his capital has grown by $7.25 billion and reached $22.6 billion. Chairman of the Board of Directors of NLMK Vladimir Lisin, who increased his fortune by $4.36 billion and reached $24.2 billion, has also become richer, as well as the head of " Novatek" Leonid Mikhelson - plus $3.49 billion, an increase to 28.1 billion.

Read More: us.politsturm.com/the-richest-russians-have-become-even-richer

As India prepares for hosting the G20 summit, it tries to hide the poverty generally visible on the streets of its capit...
17/09/2023

As India prepares for hosting the G20 summit, it tries to hide the poverty generally visible on the streets of its capital. The present Bharatiya Janata Party (BJP) government has spent millions of rupees to “beautify” the streets of Delhi for the coming G20 Summit. Hundreds of thousands of plants have sprouted along the roadsides, walls have been freshly built to hide rampant poverty in the nation’s capital. Police are detaining beggars and homeless individuals as part of an initiative to clear the streets and improve the city's appearance for visiting world leaders.

Lenin on Finance Capital
16/09/2023

Lenin on Finance Capital

On Friday September 8th, 2023, there was an auction for UK offshore wind contracts, however even with the current subsid...
16/09/2023

On Friday September 8th, 2023, there was an auction for UK offshore wind contracts, however even with the current subsidies offered by the British government which exceed £200m per year, the contracts received no bids. The fact that no companies bid for UK offshore wind contracts is a stark illustration of the contradictions inherent in capitalism, even when it comes to crucial ecological projects. Under capitalism, industries are driven by the pursuit of profit, and this profit motive often overshadows genuine environmental concerns. In this case, the absence of bids indicates that capitalists do not see an opportunity for substantial profit within the existing conditions and subsidies offered by the UK government.

Read More: us.politsturm.com/no-companies-bid-for-uk-offshore-wind-contracts

In the spring of 2023 Russia opened criminal cases against some 'web-coaches' for tax evasion. The most famous of them d...
16/09/2023

In the spring of 2023 Russia opened criminal cases against some 'web-coaches' for tax evasion. The most famous of them didn't pay 9 476 128 $. What forms of fraud are popular nowadays among Russians and why do people fall for outright swindles? us.politsturm.com/coaching-casinos-network-marketing

Since the beginning of 2023, China's total investment in Russia has exceeded $50 billion. More than $13 billion has been...
15/09/2023

Since the beginning of 2023, China's total investment in Russia has exceeded $50 billion. More than $13 billion has been invested in the Far East, which is considered a good indicator. However, according to most experts, this is not adequate for the global plans of Russian-Chinese cooperation.

The Russian market economy has weakened so much during the period of bourgeois reforms that it cannot develop without becoming dependent on economically influential countries. Only socialism will be able to break these bonds and build a self-sufficient, independent economy that serves the interests of the people instead of foreign monopolists.

Internet giant Google has used its dominance in the search engine market to block competitors and stifle innovation, the...
15/09/2023

Internet giant Google has used its dominance in the search engine market to block competitors and stifle innovation, the Justice Department said on Tuesday at the opening of the largest antitrust trial in the United States in a quarter of a century. Over the next 10 weeks, the prosecution will try to prove that Google has rigged the market in its favor by making its search engine the default choice in a variety of platforms.

Contrary to the popular belief that competition is the engine of progress, we are faced with a situation where the largest players in the market use their position to obstruct innovation at every turn. No interference from the state is able to influence this, since this is the very logic of economic development in market conditions. Only with the overcoming of market relations and the transition to a new socio-economic formation, humanity will be able to unleash its full scientific and technical potential.

Today, United Auto Workers strike against the auto-manufacturing capitalists in America. Negotiations failed to meet on ...
15/09/2023

Today, United Auto Workers strike against the auto-manufacturing capitalists in America. Negotiations failed to meet on demands like a wage scale to meet inflation.

Read more: us.politsturm.com/united-auto-workers-strike-today/

Lenin on Old and New Forms of Capitalism
14/09/2023

Lenin on Old and New Forms of Capitalism

There is palpable fear among segments of the British bourgeoisie that interest rates will be increased by the Bank of En...
14/09/2023

There is palpable fear among segments of the British bourgeoisie that interest rates will be increased by the Bank of England once again. Just like in the U.S., further raises will make borrowing and spending more expensive pushing the smaller owners and labour aristocrats into the depths of proletarianization, but wages are rising too fast and capitalism needs utterly impoverished workers.

For the UK, there is no way out of the crisis that is opening up; social unrest will increase and Britain will become diminish in its quality of life as it falls to the position of a minor imperialist power or even a semi-dependent one.

Up to 10,000 are feared dead in Derna, Libya, as the catastrophic Storm Daniel, a weather front which caused the floodin...
13/09/2023

Up to 10,000 are feared dead in Derna, Libya, as the catastrophic Storm Daniel, a weather front which caused the flooding in Greece, has caused historic destruction.

A year's worth of rain fell on the city in one day, causing dams to burst and the city to flood. Rescuers are slow due to the decimation of state structures during the many years of civil war in Libya and poorly maintained infrastructure.

This situation has been created by capitalist exploitation of nature and the destruction of Libya by imperialist powers has led to this situation. Only socialism can end this anarchy and loss of life by building up the state's capacity to meet disaster and build water-control infrastructure.

Lenin on Monopoly
12/09/2023

Lenin on Monopoly

Gabon's 'anti-imperialist' junta has named a former French mining executive as a state minister.The Paris-based Gabonese...
12/09/2023

Gabon's 'anti-imperialist' junta has named a former French mining executive as a state minister.

The Paris-based Gabonese politician is a 12-year veteran executive director of Eramet, a key French monopoly in Gabon, which owns 25% of the world's manganese reserves and continued business-as-usual during the coup. The former executive will be the minister for petroleum, the other valuable export resource of Gabon besides manganese.

LA Times reports that the mayor of Beverley Hills, an iconic LA neighborhood, and the chief of police conspired with rig...
12/09/2023

LA Times reports that the mayor of Beverley Hills, an iconic LA neighborhood, and the chief of police conspired with right-wing group "Survivors of the Abortion Holocaust" to prevent the opening of a new abortion center.
City officials allegedly sought to withhold permits and even pressured the landlord to break the lease agreement for the future clinic site.

The clinic's website states it would cater to "complex and sensitive medical situations who may otherwise have difficult obtaining adequate care."

California's reputation as a haven of 'leftism' is degraded as the capitalist state makes decisions according to whims of an elite few against the interests of the majority.

After recent wildfires devastated Greece, the country found herself inundated with unprecedented rainfall and flooding.T...
11/09/2023

After recent wildfires devastated Greece, the country found herself inundated with unprecedented rainfall and flooding.

The Greek region of Thessaly was hardest hit with rivers bursting their banks and flooding hundreds of villages and towns, sweeping away roads and bridges and leaving thousands trapped. Climate change is being used by the Greek state to hide the fact that the infrastructure built by the Greek bourgeoisie was defective in order to increase profits.

Over 70 square kilometers have been flooded leading to a quarter of the crops from this year's harvest being lost; in addition, it'll take years for this key agricultural region to be fertile again as the floods have left a thick layer of mud.

Greece is a microcosm of what the world will face due to capitalist production's erosion of natural stability; the inability for capitalism to resolve this is evident. The behavior of the government and private companies has been to take advantage and profit from the crisis.

This is what awaits workers all over the world: faulty infrastructure; state & private looting; food scarcity; extreme weather events one after another; poverty and death. Only a socialist, planned economy can meet the crisis head on and address the chaos of capitalism.

Lenin on Monopoly and its Strategy
10/09/2023

Lenin on Monopoly and its Strategy

Is Marxism Outdated?Like, share and subscribe to see more!
10/09/2023

Is Marxism Outdated?

Like, share and subscribe to see more!

The incidence of tuberculosis and hepatitis in Russia continues to grow, especially among children, which is an alarming...
10/09/2023

The incidence of tuberculosis and hepatitis in Russia continues to grow, especially among children, which is an alarming phenomenon. In the first five months of this year, according to the latest report of Rospotrebnadzor on infectious diseases, an increase in the incidence of these infections among children under the age of 14 was uncovered. The number of cases in which children were first diagnosed with TB increased by 17% (to 703 cases), with the largest increase, respiratory diseases, rising by 19% (to 666 cases). It was noted that the increase in the overall incidences of tuberculosis was 4% (17.1 thousand cases), while cases of respiratory tuberculosis increased by 5% (16.5 thousand cases).

Read More: us.politsturm.com/cases-of-tuberculosis-and-hepatitis-among-children-have-increased-in-russia

Yesterday, a new president took office in Azerbaijan's breakaway "Artsakh Republic", and the same day a deal was put int...
10/09/2023

Yesterday, a new president took office in Azerbaijan's breakaway "Artsakh Republic", and the same day a deal was put into action to reopen the borders and allow goods to enter the region of Nagorno-Karabakh once again.

Since December of last year, Nagorno-Karabakh has been under a tight blockade during Azerbaijan's attempts at 'integration' of the Armenian-majority area which it captured in the 2020 war with Armenia.

Now, in agreement with the Azeris, officials in the region have declared a new import crossing at Askeran where trucks from the Russian Red Cross will bring relief goods. Back in July, the 'Artsakh' government had formally denied accusations by Azerbaijan about the transportation of Red Cross aid supplies at the Askeran crossing.

Russian peacekeepers and the International Red Cross now agree to transport aid to Nagorno-Karabakh through the previously-blocked Lachin corridor, in order to address the severe crisis in access to food and basic goods.

Lenin on Concentration of Capital
09/09/2023

Lenin on Concentration of Capital

Today we will analyze in detail the meaning of one of the most mentioned words, and also compare the market monetary sys...
09/09/2023

Today we will analyze in detail the meaning of one of the most mentioned words, and also compare the market monetary system with the socialist system.

Elon Musk attacked one of his oldest children as a "full-on communist" for changing her name. He blamed 'Marxism' in an ...
09/09/2023

Elon Musk attacked one of his oldest children as a "full-on communist" for changing her name. He blamed 'Marxism' in an LA private school for why they don't spend time with him.

Apparently, the education he crafted for them at his SpaceX middle-school, Ad Astra, didn't stick.

❗🇺🇸 Military official elaborates on U.S. withdrawals from Niger.U.S. forces will likely be reduced by hundreds of person...
08/09/2023

❗🇺🇸 Military official elaborates on U.S. withdrawals from Niger.

U.S. forces will likely be reduced by hundreds of personnel in the next few weeks, as part of the previously announced repositioning, down from 1200 total before the July coup.

Most remaining U.S. troops will leave the area of the Nigerien capital and deploy at Agadez.

The final number of U.S. troops in Niger will be decided by how many can fit in this base, and how many the Pentagon believe are necessary to carry out counter-terror operations.

This update shows negotiations with the junta may be bearing fruit.

More and more people in Germany are abandoning the church — less than half of the population belong to any of the major ...
08/09/2023

More and more people in Germany are abandoning the church — less than half of the population belong to any of the major Christian churches operating in the country.

According to the results of a representative poll by the YouGov Institute of Public Opinion, nearly three quarters of German residents — 74% — consider the church tax obsolete. Only 13% of respondents consider the tax necessary.

The German Conference of Bishops reported that the Catholic Church in Germany received €6.8 billion in taxes in 2022. The Evangelical Church received €6.2 billion.

Read More: us.politsturm.com/german_residents_reject_the_church/

Six major teaching unions have expressed concern that 100s more schools in Britain could have dangerous aerated concrete...
08/09/2023

Six major teaching unions have expressed concern that 100s more schools in Britain could have dangerous aerated concrete, which caused hundreds of schools to close as the school year started.

The Department for Education has said the list of structurally unsafe schools are those that surveyors had deemed unsafe before 30 August; schools that were found to have unsafe concrete after that date haven't been included.

The panic caused by the serious risk of buildings collapsing on children has raised concern over other buildings, especially hospitals, which are now urgently being investigated for the same defective material. To the capitalist ruling class, horrible tragedy is worth just a few pounds saved.

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