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the dollar’s Share in Russian-Chinese trade fell to 46%

The share of US dollar in the trade turnover of Russia and China in the first quarter of 2020 for the first time fell below 50%, reaching a historic low. About this newspaper “Izvestia”.

According to the newspaper, the fall in the share of U.S. currency in settlements between Russia and China with 90% in 2015 to 46% in 2020 related to trade wars between the US and China. The dollar lost ground in favor of the yuan (17%) and the Euro (30%), while the share of the ruble remained at the same level (7%).

Experts note that to occupy a prominent place in the Russian currency at its current volatility is unlikely to succeed and more viable option is to gradually transition to settlements in the digital currency.

Russian drivers are waiting for alcolocks

The Ministry of industry and trade plans to the end of the year to develop a “concept of the introduction of mass consumption” alcolocks, which inhibit the ignition when the detection of alcohol vapor in the driver. About it reports “Kommersant”.

It is expected that the automakers will get additional points for installation on new machines alcolocks manufactured in Russia. In the future, similar devices will develop specific standards and regulations may also make compulsory regular inspections.

Thus the interviewed experts warned that the installation of alcolocks, the cost of which ranges from 25 to 120 thousand rubles, will increase the price of the car, and the probability of false triggering of the locking system is high.

increased demand for car loans

According to United credit Bureau, in June the Russians took of 58.9 thousand loans for a total amount of 47.3 billion rubles, which is 7% and 2% more than in the same period last year, writes “Kommersant”.

Participants of the market explain growth of volumes of crediting pent-up demand due to pandemic coronavirus and increasing credit availability, including through the state program. The experts warn that the only real point of growth in the lending segment is used cars, and in the future, possible stagnation.

Pensions and insurance: how to change life of Russians in August

In August, insurers will be able to assign a rate to each driver individually, which will lead to a change in the price of insurance, working retirees will begin to index the pensions, on liquidation of the organization, the employees will be able to get three salary, and foreign full-time students legally to work in itsfree time. This writes the “Rossiyskaya Gazeta”.

Also, according to the publication, in August clients “Yandex.Money”, QIWI, WebMoney, PayPal, VK Pay and other services that provide anonymous wallets, have to pay money only via Bank account and not anonymously through payment terminals. And business in the Arctic will be new benefits.

So, you can reset to 10 years of income tax going to the Federal budget, and reduce the portion allocated to regional budgets.

The HSE has assessed the impact of the pandemic COVID-19 on inequality in Russia

According to experts of the Higher school of Economics, the inequality in Russia can remain practically at the same level even after the epidemic of the coronavirus in the country, reports “Kommersant”.

In their study, the experts noted that the economic downturn in the pandemic may lead to a slight increase inequality in society compared to the 2019 year. Even in a negative scenario of development of economy (decline in GDP of 9.6%, decrease in average income from employment by 12%), the Gini index will increase from up to 0,414 0,411. Thus in the HSE concluded that the dynamics of inequality in subjective assessments is more unpredictable and depends little on objective indicators.