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The main events by the morning: March 29


марта, 29 2024
watermark Economic news

  • Yandex N.V. has completed the internal reorganization of the group. A final agreement has been concluded on the sale of all the holding's businesses in Russia and international markets for a total amount of 475 billion rubles. All Yandex assets now belong to a Russian legal entity. 


  • Dubai has ceased to be popular with Russians. Finances are returning to Russia or moving to other jurisdictions due to the rising cost of living and fears of secondary sanctions from the United States against the UAE.


  • The negotiation process between Russia and Ukraine may break the deadlock. Ukrainian Foreign Minister Kuleba expressed the opinion that negotiations with Russia can take place between the first and second summits according to the «formula of peace». He also compared the «formula of peace» to a menu from which each country can select certain items that it is ready to work with.


  • U.S. Treasury Secretary Yellen accused China of unfair competition in the solar panel market. According to her, the growth in the production of equipment for solar energy, electric vehicles and lithium-ion batteries in China is hurting American manufacturers. Yellen herself plans to visit China and put pressure on this country, which is expanding its industrial capabilities and «distorting» the global economy.


  • Japan has extended the cancellation of the preferential trade regime with Russia. This led to an increase in duties on wood imports from Russia from 4.8% to 8%, salmon and caviar – from 3.5% to 5%, crab – from 4% to 6%. Most of Japan's imports from Russia come from energy resources, but they are still subject to zero tariffs.


  • The idea of the United States withdrawing from NATO in the event of Trump's election continues to be discussed. A former assistant to the former president for national security said that if Trump becomes president, he will most likely withdraw the United States from the North Atlantic Alliance.

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