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Politic

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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

Apple has taken last year's smartphones off the market

The company has also stopped production of the iPhone 11, iPhone 12 mini, iPhone 13 Pro and iPhone 13 Pro Max, according to The Verge. It is noted that the gadgets will continue to be sold until stocks run out. According to the source, the cessation of production of iPhone

World food prices continue to fall

The world food price index has fallen for the fifth month in a row after a record high in March 2022, the UN Food and Agriculture Organization said. The decline in global food prices is a positive trend, but still the August reading is 7.9% higher than a year

Yuan in demand: Russians bought Chinese currency for 39 billion rubles in August

The Central Bank has published market statistics for last month. It shows that Russians have set a record since the beginning of the year in buying yuan - 39 billion rubles. The volume of Chinese currency trading is growing and getting a stronger foothold in the Russian market. The document

Putin has established a special procedure for transactions with stakes in Russian LLCs for persons from nonnfriendly countries

Now non-residents from unfriendly countries must obtain a permit from the rights commission to carry out transactions. This decree should be explained in more detail by the RF Ministry of Finance. Also, the President of Russia has allowed subsidiaries of companies which are not strategic companies not to disclose information

Individuals may be allowed to buy bullion without VAT directly from refineries - Frank Media

The measure was proposed by deputy Vladislav Reznik. Earlier it was put forward by the Ministry of Industry and Trade. The increase in participants of the physical gold market will lead to increased liquidity of the metal and narrow the spread of purchase and sale prices.

EU GDP rose 0.8% in the second quarter, up from 0.5% in the previous quarter - above the 0.6% forecast

Employment also rose 0.4%, up 2.7% year over year. The EU economy is very strong at this point in time. Because of the increase in employment, total personal income is rising and inflation is accelerating. The EU needs to raise rates quickly to fight inflation.

Gas prices in Europe fell by 12% in the moment - trading data

Main reasons: the rate of filling of storage facilities has been increasing in recent days. The overall level of occupancy is already over 82%. If pumping rates remain high and there is no sudden cold spell in autumn, Europe will fill storage facilities by 90% by the end of September.

VTB has frozen assets worth 600 billion rubles, - head of the bank Kostin

However, the bank is ready to exchange the frozen assets for the assets of foreign credit institutions, which were forced to stay in Russia. We are talking about an exchange with UniCredit and Raiffeisen Bank International - they mainly work with private individuals. However, Kostin is not considering buying Citi's

The People's Bank of China will increase policy support for the economy, but avoid flood-like stimulus, Vice Chairman of the People's Bank of China

After a slowdown in production due to the drought and energy crisis, the Bank of China decided to stimulate economic growth. Stimulation may consist of simplification of business, reduction of regulatory pressure, reduction of fines. Possible loosening of the policy of zero tolerance to Covid. Previously, this policy led to