22.05.2022
Chicago 11, Melborne City, USA
Market

Banks in the CIS countries have stopped opening cards to Russians. Now I need to live there

After a sharp influx of customers from Russia, banks from Armenia and Kazakhstan have complicated the procedure for issuing cards. Since March 2022, Visa and Mastercard payment systems cards issued by Russian banks have ceased to work abroad. As a result, those who plan to leave Russia must now take cash with them, try to […]

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Market

Exports from Russia to China broke the record. What about imports?

The domestic economy continues to provide food for thought. In April 2022, the positive trade balance between Russia and China amounted to $5.1 billion! This is a gigantic amount from a state that has not approved the sanctions and continues to trade with Russia. Or has the balance become so beautiful for other reasons? What […]

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Market

All about virtual SIM cards: pros, cons, how to connect and activate

The Big Three mobile operators and some others in Russia offer to issue a virtual SIM card using eSIM technology. This is a really interesting way to install another SIM card, but not for everyone. We will tell you in detail how it works from the client’s point of view and what conditions Russian mobile […]

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Market

4 documents instead of 49: teachers are once again trying to reduce the bureaucratic burden

Instead of teaching, educators are forced to spend more than 46 hours each week filling out plans and reports. The problem of excessive bureaucratic workload of teachers was raised several years ago. So, back in 2015, the president called for dealing with the overload of teachers with “paper work”, and in 2020 the Ministry of […]

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Market

With increased limits, but without refinancing: the terms of preferential mortgages have been revised

The government has increased the limits on the amount of loans under state programs, but the amount at a preferential interest rate does not change. As we wrote recently, the government decided to increase the limits on the amount of loans on preferential mortgages – instead of 6 or 12 million rubles, the amount was […]

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Market

Two banks offer cash loans at 9.9% per annum: we understand what the catch is

In both cases, we are talking about the minimum rate on the loan, while the bank has the right to apply any rate individually for each client. As the key rate is reduced by the Central Bank, credit organizations are gradually improving the conditions for consumer lending. Yesterday, at least two banks announced the possibility […]

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Market

In Russia, they can leave one investment deduction for personal income tax: what does the Ministry of Finance offer?

Now the investor can receive a deduction either for the amount contributed or for the amount of investment income, and the Ministry of Finance wants to combine them. Russian tax legislation provides for several types of personal income tax deductions, including investment deductions. This deduction works with two types of individual investment accounts (IIAs). According […]

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Market

Russia may cancel VAT on diamonds. They can be bought for investment

The Russian diamond mining company ALROSA can thus compensate for losses from the closure of Western markets. In March, Russia canceled VAT on the purchase of gold bars – now Russians can buy gold without a 20% tax surcharge. Now they want to extend similar rules to the diamond market. The Russian company ALROSA, one […]

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Market

SBP has officially launched payment via NFC. This will help replace Google Pay

If payment by QR codes is implemented at the level of mobile applications of banks, then contactless payments can only be made through SBPey. Launched in 2019, the Fast Payment System (FPS) currently offers an expanded list of services. So, if at the beginning it was a way to transfer money from card to card […]

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Market

Gift sets for newborns want to be distributed throughout Russia

Now sets costing from 2 to 20 thousand rubles are an exclusively regional initiative. In a number of regions of Russia, families at the birth of a child are given special gift sets with children’s essentials. As a rule, this initiative is present in regions that can afford it from a financial point of view […]

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