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The main events by the morning: August 28


August, 28 2024
watermark Economic news

  • A loophole for settlements with China is closing – the UAE has begun to refuse to conduct Russian transactions. Russian importers previously used the UAE's infrastructure to pay for Chinese electronics, but now the Emirates block operations if the paid goods do not arrive directly in the UAE.


  • A new charge has been filed against Donald Trump. An indictment has been sent to the court regarding his attempts to prevent the approval of the results of the 2020 presidential election. In fact, it is a repeat of a case that is already being considered in Washington, but taking into account Trump's partial immunity from criminal prosecution.


  • The demand for Schengen visas among Russians has increased dramatically. According to Kommersant, most Russian citizens receive short-term visas. In 2024, 72% of visa applicants to Italy, 78% to Spain, 59% to France, and 77% to Greece received permits for up to six months.


  • Qiwi shareholders decided to change the company's name to NanduQ. The Board of Directors was also re-elected, which again included Lev Krol, Alexey Solovyov and Alexey Ivanov. The head of the group Alexey Mashchenkov and Oksana Sirotinina are also included in the council.


  • The UK plans to expand cooperation with Germany in the field of defense, trade and business. The agreement is due to be signed in early 2025. Among other things, it will allow the governments of Great Britain and Germany to «work together on key geopolitical issues,» including the conflict in Ukraine.

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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.