Market updates and forecasts

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The main events by the morning: March 27


March, 27 2024
watermark Economic news

  • Progressive taxation in Russia will reduce inequality, but will hit GDP. The effect on gross product will reach a decrease of 0.3-1.3% in the long term, according to researchers from RANEPA.


  • Talks about recognizing mining as an economic activity in Russia continue. The initiative is supported by the Ministry of Economic Development. The authorities want to allocate a place for miners in the OKVED classifier. The Ministry of Finance also joined the discussion.


  • Swiss banks have started closing accounts with Russians with dual citizenship. Some UBS and Credit Suisse clients with dual citizenship have already encountered this problem. They pay taxes in Switzerland, but do not receive income and do not pay taxes in Russia. The Leolex Law Office is considering filing lawsuits against banks on charges of coercion and discrimination.


  • The number of antidepressants sold in Russia is growing. Since January, pharmacies have sold drugs for a record amount over the past 5 years – 2.9 billion rubles, which is about 3.6 million packages. This increase in sales is due to the fact that doctors more often began to prescribe such drugs instead of outdated drugs, including many herbal or sedative medicines.


  • Ukraine will receive financial assistance in the amount of $1,5 billion from the UK and Japan. The funds will be allocated within the framework of the World Bank program. However, there is no decision on the US aid package yet.


  • Serbian President Vucic warned of a threat to the country's national interests. He noted that Serbia's vital national interests are under direct threat. In the coming days, he intends to familiarize the people of Serbia with all the challenges they will face.

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.