The oil ceiling is reduced, the verdict of Magomedov and Biden about negotiations with Putin Prior to the entry into force of the embargo for the supply of Russian oil to Europe, three days remain, and the Western countries are feverishly trying to have time to agree on the ceiling of the price. Today, the European Commission came out with a new offer: to set the ceiling at $ 60 and review it once every two months.

Mikhail Volkov will become the new head of Russian Post instead of Maxim Akimov. His candidacy, according to media reports, has already been approved by the government. The appointment of Volkov as the general director of the postal operator instead of Maxim Akimov was reported by RBC, citing a source close to the company and an unnamed federal official. The information was confirmed by a Kommersant source in the government.

The court sentenced Summa co-owner Ziyavudin Magomedov to 19 years in prison in the case of creating a criminal community and embezzlement of budget funds. His brother Magomed Magomedov was sentenced to 18 years in prison. The Meshchansky Court of Moscow found the Magomedov brothers guilty of creating a criminal community and embezzling 11 billion rubles. Ziyavudin Magomedov, founder of the Summa group, was sentenced to 19 years in prison.

China is ready to announce the easing of quarantine restrictions and reduce the scale of testing for COVID-19 in the coming days, told Reuters sources . A notable turn in the “zero tolerance” policy towards covid was preceded by protests against strict anti-coronavirus measures. New COVID cases are close to records, but in recent days some cities have lifted lockdowns and a government official said the coronavirus's ability to cause other diseases is waning.

Entire sectors of the economy are in distress in Russia due to labor shortages as a result of mobilization, writes Bloomberg. The agency estimates the potential GDP growth rate at only 0.5%. Plans to mobilize 300,000 people and the ensuing new large wave of emigration from Russia will reduce the number of workers among the male population by 2%.

Kommersant learned the details of the check at the Toyota Motor plant in St. Petersburg, which took place the day before. Sources of the publication say that it was similar to a “assessment for sale” - any identified violations may affect the value of the asset. Petr Zaburko issued an order to check the deputy prosecutor of the city on the day of the event, Kommersant writes.

Last week, a big scandal erupted in the venture community. The British project with Russian roots Immigram won the startup competition at the market-relevant Slush conference in Helsinki. But a few days later, the company refused to win, and the organizers of the competition withdrew the prize of one million euros.

The ACRA rating agency has published its forecast for the development of the Russian economy in the next two years. The estimates presented in it are tougher than in government forecasts. The agency expects a prolonged decline in industrial production, a more significant depreciation of the ruble and a slow economic recovery with higher inflation. It also predicts a reduction in the workforce, including due to near-war factors.

What will happen to the Russian economy in the next two years according to Akra @ Photobank Moscow-Live/Flickr/CC by 2.0 Akra’s rating agency has published its forecast for the development of the Russian economy in the next two years. The estimates presented in it are tougher than in state -standards. The agency expects a prolonged decline in industrial production, more significant reduction in the ruble and slow restoration of the economy with higher inflation.

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