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Walter Grand

Walter Grand

Gazprom launches the largest field in Eastern Siberia - Interfax

In the second half of December, Gazprom will launch gas from the Kovyktinskoye field, which has 1.8 trillion cubic meters of gas reserves as well as 65.7 million tons of gas condensate. The field will supply gas to China via the Power of Siberia pipeline.

One third of the food coming to stores from the field ends up in the landfill - RIA

To solve the problem retailers Magnit and X5 Retail Group supported the idea of foodsharing - charity distribution of edible food. The idea of cancelling VAT on goods sent to charity is also being promoted. The initiatives would save up to a million tons of food every year and provide

EU inflation +9.1% - record, vs. +8.9% a month earlier

+0.6% month-on-month, previous +0.1%. Record inflation in the EU will make the ECB think about aggressive actions. They could push the economy into recession, as Fitch Ratings predicts.

The bill on credit vacations for citizens will become permanent, - the government

A draft on credit vacations has been submitted to the State Duma. The draft provides for the right of citizens to receive a grace period for the fulfillment of obligations under a credit agreement for a period of up to six months in order to restore their solvency.

The EU has enough gas in storage until February 2023

According to the newspaper La Vanguardia, Europe's storage facilities are 83 percent full and not enough to cover the region's needs until the end of winter. The cessation of gas supplies is putting even more pressure on storage capacity levels. And in order to have enough reserves until March, the

Things are heating up: More than 100,000 railroad workers in the U.S. could go on strike

State businesses are sounding the alarm and warning of a "disaster" if a mass strike by railroad employees begins. It could be the record since 1992. The U.S. economy is heavily dependent on rail freight, and a shutdown could cause significant problems in many sectors. The damage to the

The Central Bank will force banks to implement SBPay, - Kommersant

SBPay is a service for paying for purchases through the System of Quick Payments. Banks are unwilling to introduce this service because they lose commission income from acquiring. And Alfa-bank, Otkrytie and Tinkoff prefer to pay fines instead of connecting the service. However, the Central Bank intends to force SBPay

Companies will publish less information, - RBC

The Russian Union of Industrialists and Entrepreneurs has sent a proposal to the Ministry of Finance and the Central Bank to simplify IFRS. If a company simplifies its reporting, it will become less transparent and this will affect investor confidence.

The government wants to double the share of settlements in rubles by 2025

Now the ruble is used only in 19.5% of transactions, by 2025 the figure should increase to 40%. The use of friendly currencies should grow 13-fold, from 1.6% to 20%. By 2025, 60% of foreign trade should be in currencies other than dollars and euros. Earlier, the FCS

Mishustin instructed to agree on draft laws governing the issue and circulation of digital currency in Russia by December 19

The Prime Minister also instructed the Ministry of Finance with the participation of the Bank of Russia to submit proposals for the development of the market of digital financial assets in Russia by December 1. Mishustin instructed the Ministry of Finance, the MED and the Central Bank to work out