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Mandy Op.

Mandy Op.

The Central Bank may already switch to a new mechanism of setting exchange rates against the ruble, - Frank RG

The Central Bank may already switch to a new mechanism of setting exchange rates against the ruble, - Frank RG

Procedures for the establishment of the Central Bank's official exchange rates for foreign currencies have already been registered and may come into force. The Central Bank will use over-the-counter market data and bank statements (Form 701). If these two methods can not provide the necessary information, then the Central Bank

Monetary tightening in other countries could affect the U.S. economy through secondary effects, Fed minutes

Monetary tightening in other countries could affect the U.S. economy through secondary effects, Fed minutes

Fed officials have determined that they need to adopt and maintain more restrictive policies in order to meet their goal of lowering elevated inflation. Also, many officials noted that when the Fed reaches its rate target, it will have to hold the high level for "some time."

Russia is ready to increase food exports in 2023, Anton Siluanov

Russia is ready to increase food exports in 2023, Anton Siluanov

Russia is able to meet the global food demand. However, this requires removing all financial, logistical and other restrictions, said the Minister of Finance of the Russian Federation. The sanctions not only create a deficit of goods needed in the market, but also create significant price fluctuations.

Britain will officially declare China a threat to the state

Britain will officially declare China a threat to the state

In the country's new strategic defense and security review, China will be called a threat, not a systemic competitor as before. Liz Truss is already beginning to show a more aggressive policy. The sentiment is bolstered by China's technological influence, which is seen as aggressive in England. Many politicians in

The UK economy will enter recession from Q4 2022, - Fitch

The UK economy will enter recession from Q4 2022, - Fitch

Fitch also predicts that UK GDP will shrink by 1% in 2023, although previously the size of the fall was projected at around 0.2%. The reason: sharp increases in UK interest rates. And also the unwise budget policy of the new prime minister, which led to a record fall

The EU is negotiating about 18 billion euros in financing for Ukraine, Bloomberg

The EU is negotiating about 18 billion euros in financing for Ukraine, Bloomberg

The commission is still working on the details of the new plan, and some elements, including the size of the package, have not been finalized. Ukraine will need about $38 billion in foreign financial aid next year.

Apple is still a long way off. Google unveiled the new Pixel Watch

Apple is still a long way off. Google unveiled the new Pixel Watch

The new model of round smart watch from the technological giant contains similar design, operating system and functions to the Apple Watch. It is noted the high performance of the device and its ergonomics. Journalists have nicknamed the product "round Apple Watch", and it's true the new operating system and

The consequences of the energy crisis. Britain could face a three-hour power outage

The consequences of the energy crisis. Britain could face a three-hour power outage

A gas shortage is triggering a power shortage in the country. This may force the U.K. government to conduct a planned three-hour power outage (a standard blackout) this winter. Imports of French gas and reduced consumption could help solve this problem. However, other countries are experiencing similar difficulties, which

Britain's currency decline came as a shock to global financial markets

Britain's currency decline came as a shock to global financial markets

The fall of the national currency of Britain has caused a shock on the world financial markets. Markets in the U.S. and the EU showed sharp price fluctuations after the Bank of England announced an emergency bond purchase. The regulator is doing this in order to slow down the

Russia wants to sell debts of other countries

Russia wants to sell debts of other countries

The Russian government in 2023 may receive the right to decide on the assignment of claims to foreign countries on their debts. These debts may be purchased by other countries or foreign legal entities that have not fallen under Western sanctions. This is reported by the RBC with reference to