It is always the case that erstwhile criticism of negative socio-political phenomena in the country encounters barriers to free communication and public dialogue, these problems decision to the planet of literature. This phenomenon is known from the past of not only Russian literature (Gogol, Dostoevsky, Sołtykow-Szczedrin, Zamiatin etc, but besides Polish literature, to mention only the interwar Dołęga-Mostowicz.
We are now seeing a akin trend in Russia, which cannot be amazed at the flooring of many worrying, confusing and unexplained phenomena from both socio-political and economical life.
Only 2 more, as it were, foreshadowing the wider problems of modern Russia.
First Vice-President of WTB Bank, Dmitri Pjanov wrote a play in which he criticises the Central Bank of the Russian Federation
Criticism of crazy fluctuations in the ruble exchange rate:
Russia has a problem with the ruble course, stated WTB's first vice-president, Dmitri Pianow. He wrote about it in a commentary on his play entitled “Inflation, or Sleep of the summertime Night”. Pjanov prepared the play at the “Russia calls” forum.
Drive the ruble out into the hallway
According to the Vice-President, business representatives see the ruble course, set by the Central Bank, as “artificial”. He compared the course to “crazy fluctuations” and wrote the following words:
Our exchange rate is crazy.
Sometimes seventy, sometimes a hundred, and oil costs forty.
Your existing models are unrealistic,
Look at the shores – all the darkness will fall from the ruble!
"I do not callback that in the past 15 years companies have been so widely and profoundly convinced that “the course is false”, he stressed (as quoted by the RBC/RBK information agency).
The financier so called for attention to the problems with the ruble course. In his opinion, methods that have been effective in the past are no longer effective. Pjanov believes that in a fresh environment where Russia's main partners are China and India, with their regulated currencies, Russia should return to a smooth exchange corridor to reduce the hazard to the economy.
"All external trading partners of the country – the Gulf countries, China and India – have either fixed exchange rates or exchange rates with “strong control”. We ask ourselves: is the fluctuating rubl course model inactive appropriate in the fresh macroeconomic realities?" "A possible alternate configuration is simply a smooth course corridor," he said.
The currency corridor operated in Russia from February 2005 until the end of 2014. The Central Bank shall keep the exchange rate within certain limits by buying or selling abroad currency.
At the current ‘liquid’ exchange rate, the Central Bank does not interfere. The value of the currency is determined by supply and request on the stock exchange, without close control by the government.
Inflation Pact
In another comment, Dmitri Pjanov discusses the inflation target. This is the inflation mark that the central bank of the country sets and announces publicly. He suggested that the Central Bank and state officials “agreed” the inflation target.
"I believe that in the summertime of 2025 there was an unwritten pact between the Central Bank and executive authority. "It is impossible, but it seems that the pact exists," wrote the art author.
He mentioned possible "Pact" points:
- the inflation mark of 4% remains unchanged;
-the mark is achieved not only erstwhile inflation approaches the target, but besides erstwhile inflation expectations are anchored;
-the minute of achieving the goal is secondary.
Furthermore, the Vice-President added that restrictive monetary policy (PKP/ MP/monetary-credit policy/money policy – PZ) remains in force, ensuring both disinflation and affirmative growth of gross home product (GDP) during the calendar year. However, quarterly periods and individual sectors "may show declines".
The most crucial operational indicator for the Central Bank and the government considered the monthly growth of the corporate debt portfolio in the banking sector.
"For example, if the monthly increase is little than 10% per year, current monetary conditions are considered restrictive and request mitigation; "If higher, as in October, monetary policy needs to be strengthened. 10% of the yearly increase in credit in banks is adequate to prevent the economy from cooling down," Pjanov suggested.
Art Heroes
Heroes of art (modified characters from Shakespeare’s comedy “Summer Night Dream”):
Oberon (originally – king of elves and fairies, husband of Titania) – government
Titania (wife of Oberon) — Central Bank (or president of the Central Bank of Elvira Nabiullin)
Inflation (fallen spirit, old virtue)
Elf in blue trousers
"Elf in blue trousers" — WTB, due to the fact that blue is the corporate colour of the group. The character was characterized by the word “the local, all-knowing novice”.
As DP noted, In 2024, Dmitri Pjanov developed 5 initiatives to improve the system. Financial regulation. He presented his proposals in the form of a letter to Grandpa Mroz and Snowflake on behalf of “Dima, a blue group boy in kindergarten”.
We, from the blue group in kindergarten, tried to behave politely, actively supporting the Russian economy, supporting business and people. Therefore, on the eve of fresh Year we would like to send you any wishes. We hope that they will aid us all to make our lives better and more unchangeable next year. Snow White Office ( in Russian fairy tales Snowflake ‘a snowflake’ is the granddaughter of Grandpa Mroz -PZ) believes, however, that our active credit share for companies has made it hard to fight inflation and has unduly expanded our capital buffer, so we will not be offended if not all the wishes on the list are met," he wrote.
These proposals will most likely be discussed at the WTB Investment Forum "Rossiya calls" in which Russian president Vladimir Putin will participate. This event brings together economists, government representatives and experts to discuss the improvement of the Russian economy.
First Vice-President of the WTB proposes an alternate to a fluent ruble course
The first vice-president of the WTB, Dmitri Pjanov, proposed replacing the ruble smooth course mechanism. According to him, a smooth course corridor could be an alternate to a fresh macroeconomic reality.
It is time to admit that Russia has a serious problem with establishing the ruble course. So far, effective methods have stopped working, which makes the course published by the Central Bank perceived as "false". WTB's first vice-president, Dmitri Pjanov, expressed this opinion in a comment on his play ‘Inflation, or Sleep of the summertime Night‘ prepared at the “Russia calls” forum. Art uses the metaphor of "crazy fluctuations" to describe the fluctuating course of the ruble.
“I do not callback that in the past 15 years the companies have been so widely and profoundly convinced that “the exchange course is false”, said Pjanov.
Pyan art describes the ruble course as follows:
Our exchange rate is sharp:
Sometimes seventy, sometimes a hundred, and oil costs forty.
Your current models are out of date,
Look at the shores – all the darkness will fall from the ruble!
"I think we must at least admit the existence of the ruble course problem. All external trading partners of the country – the Gulf countries, China and India – have either fixed exchange rates or exchange rates with strong ‘control’. We ask ourselves: is the fluctuating rubl course model inactive appropriate in the fresh macroeconomic realities?" Pjnow explained his position.
According to him, a possible alternate could be the "curriculum of a liquid exchange rate".
The Central Bank resigned from the rubla exchange rate band in autumn 2014 and announced the transition to the liquid course system. This means that the ruble course is not rigid and there are no targets for its level or pace of change. The dynamics of the rubla exchange rate is determined by the balance of request and supply of abroad currency in the abroad currency market.
Initially, the authoritative rates of the dollar and the euro against the ruble were established on the basis of abroad currency quotations on the Moscow Stock Exchange. However, as of 13 June 2024, dollar and euro quotations were suspended due to sanctions imposed on the trading platform. Since then, the Bank of Russia has established authoritative rubla rates for these currencies on the basis of reporting by credit institutions on the results of interbank abroad exchange transactions on the OTC exchange market, at 15:30 Moscow time of the current working day. The authoritative rate of ruble against yuan is inactive determined on the basis of stock exchange quotations.
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Course corridor is 1 of the methods of controlling the exchange rate of the national currency by which the Central Bank sets its advanced and lower borders. The regulator officially defines these limits and prevents them from being exceeded by currency interventions.
From late 1990s to November 2014 The Central Bank of the Russian Federation implemented exchange rate policy as part of a managed liquid course. It included the establishment of an exchange-rate corridor, the setting of exchange-rate fluctuations limits and exchange-rate interventions to prevent excessive fluctuations. The boundaries of the corridors were regularly moved. In 2009, the Central Bank switched to a mechanics to automatically correct the corridors' borders depending on the scale of intervention, and announced the abolition of rigid borders in October 2010.
From October 2010 to 10 November 2014 The Central Bank pursued exchange rate policy as part of a managed liquid course. The corridor width was determined by a liquid operating band whose boundaries were adjusted according to the volume of abroad exchange intervention. Since mid-2012, this band had a width of 7 rubles, and in August 2014 it was increased to 9 rubles.
The central part of the corridor defines the ‘neutral’ band erstwhile the ruble course was included in thisThe bands, the Central Bank did not conduct currency interventions. As the exchange rate approached the lower or advanced limit, the Central Bank increased the volume of purchases or abroad currency sales to compensate for exchange rate fluctuations. The operating band boundaries were adjusted automatically erstwhile the cumulative volume of operations of the Bank of Russia reached a predetermined level.
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How Russian partner countries regulate their currencies
The yuan rate is regulated by the People's Bank of China (PBOC) as part of a regulated liquid exchange rate which is based on market-based supply and request mechanisms but with a strong central bank influence. The yuan rate is not linked to a single currency but to a currency basket (CFETS RMB index, including USD, EUR, JPY and others).
The exchange rate is set on the interbank marketplace (China abroad Exchange Trade System, CFETS) in which banks, corporations and abroad investors participate. However, the People's Bank of China actively intervenes to mitigate volatility – in practice it is closer to a ‘managed’ course than a liquid course.
At the beginning of each trading day, the People's Bank of China shall find the mention course for yuan, or ‘an anchor’, which shall find the starting point. During the trading day, the exchange rate may vary by 2% from the established first value. If necessary, the Bank of China intervenes, including through state banks (e.g. Bank of China).
A regulated/administered liquid course is besides utilized to reduce fluctuations in Indian rupee course. The Reserve Bank of India besides publishes the mention rate and, in the event of crucial fluctuations in the course of the transaction, conducts abroad exchange interventions through state banks and imposes restrictions on derivatives.
The courses of the Dirham of the United arabian Emirates (AED) and Saudi Rial (SAR) are closely linked to the dollar and stay virtually unchanged against it. In 2025, the AED rate ranged between 3.672 and 3.673 per dollar, and the SAR rate between 3.73 and 3.75 per dollar.
for:https://www.rbc.ru/finances/02/12/2025/692da64e9a7947ca1be6621e
(*) WTB (VTB) Indentorgbank; (ru.Банк ВТБ, Внешторгбанк) is simply a Russian commercial bank based in St. Petersburg. The bank is 1 of Russia's leading financial institutions, its main aThe shareholder is the Government of the Russian Federation.
There are fish women surviving in Russian villages.
A fresh fresh by Alexander Prochanov appeared and then disappeared from the shelves.
Alexander Prochanov's fresh "Lemner", inspired by the rebellion of the Private Military Company "Wagner" in June 2023, was late published, but now, after a scandal around the book, it is hard to find it. Mikhail Trofimenkov, who had already read the novel, considers it to be the top prose of an 87-year-old writer, a leading political surrealist in Russian literature.
"I heard that directors frequently torment delusions/delirium ( ros. first «Бреды» -PZ). Yours will be included in the evidence as a hidden intention" – accuses the manager of Sieriebriakowski Surlionis, deputy chief of staff of the President's Administration during the hearing.
“Delirium” – let us note, in order to avoid later returning to philological issues – is Prochanov's neologism. And we will not even remind him that “the girl of chocolate” was not painted by Vermeer, but by Lyotard; that Fidias was a sculptor, not a speaker; that there were 3 Alexandrovs on the Russian throne, not two; and that the bodyguards do not walk “on shortwaves” due to the fact that they must have free hands. These are all questions for the editorial board; there are no questions for the author: he has approval to do so.
Sieriebriakowski planned not only to execution president Leonid Leonidovich Trojewidov by releasing Bengali snakes to the theatre lodge, but also, in collusion with Albigens and another "women-fish and people-toads", burning the church in Kiży, thus breaking the bond between Earth's Rusia and Saint Rusia. Oh, and he besides stole Rembrandt's Nightwatch, which he hid in the attic of a local policeman's home in Wyszny Wołoczok.
However, writers frequently haunt the “delirium”.
‘Reading. I am shouting!” admits author Sofia Sinicka, who does not deficiency historical imagination. Excellent review.
Prochanov's creative method can be called "delirium". It can besides be called ventriloquism, psychedelia, magical realism, visionary graffiti in the best sense of the word. Finally, surrealism.
It was in Surrealist poetics that people and wimps, people and inanimate objects merged for the first time.
Women from the African tribe of Szedim can breed. The scary unicorn Picasso can pursuit a Moscow boy. And the Cremovian “grey cardinals” can turn into multicolored parrots, trying to peck a seed named Mikhail Solomonovich Lemner. It is impossible to tell or spread the text first: from the mouth of villains and heroes, witches and whores, as well as the author himself, 1 stream flows.
Lemner, a boy from a good family, owner of an agency dealing with the prostitution of “Black” and a private safety company “Wilk”, draws the attention of 3 “grey cardinals” – Svetoch, Surlionis and red-haired Chulak – due to the fact that he is revealed in an unknown way as a descendant of the Romanovs and a pretender to the throne. First, seasoned in criminal wars and with a golden weapon in his hand, he is sent to conquer Africa and Ukraine, and then Russia: to suppress the liberal rebellion and then set it on his own, described in an unexpected, almost realistic way.
Prochanov writes a fresh about Russia and confuses “Rajska Russia”, “True Russia” and “Imagination Russia”, meaning “square primer with minus one”. Russia – parent of God and parent of the Devil. Russia, which leads Lemner along the way of Griški Otripepeev, but besides blocks his way to Moscow.
His metaphors of Russian past are besides many and all sad. Millstones, swings, catacombs narrowing down to the barrel gap of the gun, a meat grinder, a bolt. So gloomy, so solemn!
When Prochanov writes about love, about Russian harmony, he is touchingly weak. But erstwhile he writes about the war, about the slaughter, he appears as the leading batalist artist of Russian prose. As a war correspondent who has witnessed death since the Daman Island, he surely hates war. Descriptions of the suicide attacks of the "Delfins" battalions (cannibals and maniacs), "Eye" (blinds), "Magdalena" (blazers marching towards device guns in miniskirts and boots on crystal soles) and "Tatia" (children) are invaluable.
Like Goya, he cannot refrain from enjoying the misery of war. At the same time, however, as an incumbent and as an artist, he rejects any authority that undoubtedly impresses him.
Prochanov examines all discourse, leading him to the limits of opportunity, whether it is an opposition discourse accusing the president of all mortal sin or a discourse of supporters of “traditional values” who welcome the death punishment (a perfect parody of Stalin’s “show processes”), with the sounds of “Kalinki-Malinki” and “Kombat-Bacjani”.
Take Pushkin, for example. Lemner christened his African battalion with his resonant name: now, alternatively of the Wilk anthem, “Every bullet has its smile” the joyful march “I remember a wonderful moment”. A poet's monument was unveiled in Bangui. “ Pushkin was a powerful warrior... Ritual wounds adorned his cheeks. In 1 powerful hand he held a spear with a mahogany grotto... In the second he held Dante's severed head.”
Tremble, storytellers Victor Pielewin and Vladimir Sorokin, you could not better grasp the “Russian idea”.
Aleksander Prochanov. Lemner. Moscow: AST, KPD, 2025.
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A scandal broke out around Prochanov's fresh novel, Lemner.
In early October, author Aleksandr Prochanov commented on the scandal surrounding his fresh fresh "Lemner". After its release in August 2025, the book was criticized for its way of portraying 1 of the main characters in which readers saw the hints to the president of Russia.
Prochanov commented on the situation on his channel in Telegram:
"Liberal jokers, any in Israel, any in Paris, any in Venice, pluck from the books the phrases that ironically and maliciously talk of the protagonist of the novel, president Trojewids – in it the witters saw the image of the contemporary president of Russia. These words, frankly, are not frosted." The fact is, however, that these words were not spoken by the author, not by the fresh writer, but by 1 of the most antagonistic characters of the novel, who was then killed and drowned in the ice abyss of Russian history, where all the villains of the novel, including Lemner, a mediocre copy of Evgeny Prigozin.
Prochanov added that his opponents, in his opinion, wanted to provoke the anger of the state and usage the book as a tool of force on the authorities. The author described himself as a stateman who views Russian president Vladimir Putin as a personification of past on her ascending trajectory.
Media reports that the writer's book was withdrawn from sales in Moscow stores, and the presentation at Moscow Book House, scheduled for October 1, was cancelled.
Alexander Prochanov's fresh "Lemner" was published in August 2025. According to the note, the book is devoted to "adventures, feats, chaotic passions, and monstrous crimes of Mikhail Lemner – a figure in Russia's past that repeatedly appeared on phase as Stepan Razin, Jemielian Pugaczow, or even as a hero of the Russian spring". It was besides noted that Lemner resembles Evgeny Prigozin, the founder of PKW Wagner.
Aleksandr Prochanov is simply a russian and Russian writers, journalist, novelist, screenwriter and social and political activist. His best known works include: “Mr Heksogen”, military-political tetralogy “Burning Gardens” and books “Last Soldier of the Empire”, “Czech Blues”, “Politologist”, “Fifth Empire”, “Murder of Cities” and “Guest”. He is the recipient of many awards, including the Lenin Komsomol Awards, the global Sholochov Awards, the Bunina Awards, the National Bestseller Awards and others. In June, Russian president Vladimir Putin awarded the title of "Work Hero" to 87-year-old writer.
