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What is the Digital Ruble in Simple Terms and How Will It Change Life in Russia?
... stored in an electronic wallet provided by the Central Bank.
Why is the digital ruble needed?
The introduction of the digital ruble aims to achieve several objectives:
Cost reduction:
The digital ruble allows for a decrease in the costs associated with issuing and managing cash, as well as facilitating non-cash payments. It is a more economical way to circulate money.
Combating the illegal economy:
By controlling the digital ruble, the government gains more opportunities to track transactions, helping ...
Investments in Depositary Receipts - Features
... businessman possesses considerable knowledge in the field of investing. Detailed information about his business activities can be found on the website
oilresurs.ru
.
What are Depositary Receipts?
A Global Depositary Receipt (GDR) is a financial instrument issued by a specific banking institution. It is designed for operations in international markets.
This tool allows for the trading of domestic shares on foreign exchanges. GDRs are particularly sought after in countries where there are prohibitions or ...
The US Fails to Comply with LNG Contracts to Europe Worth Tens of Billions: Implications for Europe's Energy Market
... instability, Gazprom has announced that the United States is failing to meet its commitments to supply liquefied natural gas (LNG) to Europe. The volumes of gas that have not been delivered are assessed to be worth tens of billions of dollars. This issue is becoming particularly pressing with the approach of the winter season and the growing need for reliable energy sources in European countries. This article will examine the reasons behind this situation, its consequences for Europe, and potential ...
DFA on the Moscow Exchange: How the Pilot Issue on "Finuslugi" Will Transform Russia's Investment Market
Moscow Exchange is launching a pilot issue of digital financial assets (DFA) on the Finuslugi platform, opening a new stage in the development of the Russian investment market. In this article, we will tell you what the new instrument is, why investors and businesses were waiting for it,...
Risk of Bankruptcy for Mercedes, BMW, and Volkswagen: What It Means for Investors
... major German automakers Mercedes-Benz, BMW, and Volkswagen are encountering serious challenges that threaten their financial stability. Some analysts are warning of potential bankruptcy risks, raising questions among investors: how severe might these issues become, and is it wise to invest in these companies?
Financial Difficulties and Declining Profits
Recent financial reports from German automakers show a significant deterioration in performance. Specifically:
Mercedes-Benz
reported a 64% drop in ...