Joseph Branch

Joseph Branch

State Duma passed a law expressly prohibiting payment for goods and services in Russia by digital financial assets

Digital financial assets ≠ cryptocurrency. CFA and digital currencies have in common that they are based on blockchain, a decentralized database stored on several computers that are connected to each other over the Internet. DFAs include digital rights, which include: claims of money; participation in the capital of non-public joint stock

It will be possible to sell a car through "State Service" - TASS

Transactions for the purchase and sale of cars can be made on the portal "Gosusluzhba". Such an agreement will be legally secured and will have confirmation from the Ministry of Finance. It was noted that the purchase and sale will be available only to individuals and only in the segment

Eggs named as one of the causes of inflation in Turkey - Bloomberg

Rising food prices are a key factor in the underlying inflation in Turkey, which in June approached the annual rate of 80%. Antimonopoly agencies have already imposed a number of fines on chain stores, and now egg producers are under attack for doubling their prices. Turkish egg producers say they

KFC - point: Yum! Brands is negotiating the sale - RIA

Yum! Brands (brands of KFC and Pizza Hut) said it was in talks to sell the Russian restaurants KFC local operator, after which it will completely leave Russia

German bankers are preparing for default due to "Russian gas threat" - Bloomberg

According to several senior bankers, German banks will be forced to set aside additional funds to cover a potential spike in defaults if the country is cut off from Russian gas. Lenders are particularly worried about planned maintenance work on Nord Stream. They believe there are risks of a subsequent

China's BYD overtakes Tesla in electric car sales - Cailian

Now BYD is the world leader in the electric car market. According to the agency, BYD sold more than 641 thousand electric cars in the first 6 months of the year (+315% compared to the same period in 2021), Tesla sold more than 564 thousand electric cars.

Corn saves U.S. from food inflation

According to an updated report from the U.S. Department of Agriculture, the agriculture sector is expected to plant nearly 90 million acres this year. That's only slightly higher than the March estimate. The soybean crop forecast, in turn, fell 3% to 88.3 million acres. Corn futures in Chicago

Russia's decision on the Sakhalin-2 project does not mean the end of LNG supplies - Japanese Prime Minister

Earlier Putin instructed to transfer the property of Sakhalin Energy into the ownership of the Russian Federation. The Russian Cabinet of Ministers will set up an LLC to which all rights and obligations of Sakhalin Energy Investment will be transferred.

London chose reputation over money of Russian oligarchs - Bloomberg

On the other side of the sanctions were connections with Russian money, which earned London the nicknames "London Town" and "London Laundry. Now, despite all the economic difficulties that have arisen, Britain refuses to receive "dividends" from wealthy Russians. Since the beginning of the Russian special operation, the British government

Chinese electronics manufacturer Honor suspended shipments of devices to Russia - Kommersant

According to the publication's sources, Honor's shipments were reduced back in March. However, there has been no official statement from the manufacturer. According to the sources, the company wants to import the products into Russia through parallel imports.