π«πΊπΈπ¨π³ General Motors has announced it will cease vehicle shipments to China. The decision marks a significant shift in the company's strategy within the world's largest automotive market. For further details, visit here.
π VK has initiated a private placement for its additional share issue. The preferential rights for acquiring VK shares will expire on June 3, 2025. The share issue is priced at 324.9 rub. The buyers include investment funds of key Russian shareholders. The company plans to use the 115 billion rubles raised from this placement to reduce its debt burden, which it promises not to increase further.
β¨ The Russian Ministry of Energy may propose that miners relocate to the northern regions of Russia, according to a report by TASS. The initiative aims to optimize energy consumption and enhance the mining industry's infrastructure in less populated areas. For more details, visit TAΠ‘Π‘.
π The Central Bank of Russia, during testing, sees a significantly higher potential demand for the digital ruble in cross-border payments and for legal entities, according to Nabiullina.
β οΈπͺπΊπ·πΊ The European Union is preparing its 18th sanctions package against Russia, aimed at encouraging the country to seek peace, according to EU Commissioner Kallas. The ongoing efforts reflect the EU's commitment to holding Russia accountable for its actions. For more information, visit here.
π A significant rally is anticipated in Russian stocks, according to experts. Investors are closely monitoring the market for potential opportunities as various factors may influence stock performance. The outlook suggests optimism despite ongoing challenges. For more details, visit Π°ΠΊΡΠΈΡΡ
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β οΈ The head of the Central Bank of Russia, Elvira Nabiullina, stated that there are currently no grounds for increasing the inflation target. This declaration comes amid ongoing discussions about the country's economic stability and inflationary pressures. For more details, visit here.
π On May 22, Novabev will host its Strategy Day. This event promises to be a pivotal opportunity for attendees to engage in strategic discussions and explore future initiatives. Don't miss out on this chance to contribute to the companyβs vision and growth. For more details, visit Novabev.
π¨ MTS Bank has announced that the dividends for 2024 will amount to 89.31 RUB per share. The annual general meeting is scheduled for June 27, with the cut-off date set for July 11.
π₯πΊπΈπ·πΊ After a conversation with President Putin, former President Trump informed EU leaders that the United States will not impose new sanctions against Russia, stating that the U.S. is focused on negotiations. This announcement comes amid ongoing discussions regarding diplomatic relations between the two nations. For more details, visit Axios.
π¨ The requirement for the mandatory sale of foreign currency earnings in Russia will be extended, with no changes to the regulations, according to a source from TASS.