The Golden Crown payment system does not accept Tinkoff, Alfa-Bank and Sberbank cards, users complain. The company explains that they refuse because of their partners who are not ready to take sub-sanction risks. At the same time, the system did not accept Alfa-Bank and Sberbank cards back in 2022.
Tinkoff stopped making transfers to Turkey due to the imposed sanctions.
Who adapts and how
The Russian Foreign Ministry plans to conclude visa-free agreements with 11 countries, including Bahrain, Oman, Saudi Arabia, the Bahamas, Barbados, Haiti, Zambia, Kuwait, Malaysia, Mexico, Trinidad and Tobago.
Context
The big difference in assessing the scale of foreign companies leaving the Russian market caused a dispute between American scientists from Yale University and another group of researchers from two universities in Switzerland, writes WSJ. According to Yale University estimates, more than 1,000 companies left Russia, while Swiss scientists say that only 9% of firms left.
According to the budget rule, the Ministry of Finance sold yuan for 214.7 billion rubles in January and February. The largest volume was sold in February — more than 160 billion rubles. Nevertheless, in February, the ruble weakened against the dollar from 70 to 75 rubles, against the yuan - by more than 4%, to 10.78 rubles. Why this happened and how much support for the ruble is provided by foreign exchange operations under the budget rule - Forbes figured out.
Due to sanctions, Russian budget revenues are falling, and the “special operation” makes their reduction “politically impossible” – usually in this position, governments begin to “print money”. The Bell looked into whether the Russian government had begun to do this as well, and how the issue of money works in the modern economy.
No comments