Hello! In the words of Central Bank governor Elvira Nabiullina, Russia’s economy is undergoing a “structural transformation.” But exactly what this means is unclear: events are moving fast and unpredictably. Our top story this week is the big economic surprise that – after an inflationary shock in March – Russia recorded deflation last month amid a sharp drop in demand. Forced to call an emergency meeting, the Central Bank slashed interest rates by three percentage points.

The topic of release - whether the parallel import of the Russian electronics market will save Brrt/pixabay @ Since the beginning of May, in Russia, a parallel import canceled twenty years ago - the import into the country of a number of foreign goods without the permission of the copyright holder. In this issue of technological buildings, we tell you why this will not solve all problems with the supply of equipment to Russia and why retailers are preparing to return during the pink salmon.

For Russia, the countdown to a possible default has begun - a 30-day grace period. According to Bloomberg, by the evening of May 27, holders of Russian Eurobonds had not received coupon payments for almost $100 million. Russia must pay off two issues of Eurobonds maturing in 2026 and 2036 in dollars and euros.

The European Commission has proposed EU countries to abandon oil imports from Russia by sea in six months and to postpone the introduction of restrictions on supplies via the Druzhba oil pipeline, told Bloomberg interlocutors . A partial embargo will be preliminary discussed on Sunday, on the eve of the summit in Brussels. According to Bloomberg, the European Commission on Saturday sent EU governments new proposals as part of the negotiation of the sixth round of sanctions.

The war in Ukraine has become the main theme of the forum in Davos this week. Its participants-politicians and members of the global business elites-also actively discussed the growing inflation, energy security, food deficit and climate change. This article was written specifically for the new Bell Team. You can subscribe to it here .