maintaining the key rate of the Central Bank, negotiations between Putin and Xi Jinping, fines for violators on electric scooters
Putin and Xi Jinping will discuss the conflict in Ukraine
Russian President Vladimir Putin and Chinese President Xi Jinping will discuss the conflict in Ukraine during the upcoming talks in Moscow, Yury Ushakov, aide to the head of the Russian state, is sure. “We highly appreciate the restrained, measured position of the Chinese leadership on this issue, we are aware of the Chinese settlement plan,” he said. Ushakov expressed confidence that politicians would exchange their assessments of the current situation in the context of the development of the conflict in Ukraine, writes TASS.
Nabiullina said she does not see the impact of turbulence in Western financial markets on Russia
There is no direct impact on the Russian economy from turbulence in the Western financial markets, however, the situation in the US banking sector increases the risks for the global economy, said the head of the Central Bank Elvira Nabiullina during a press conference. “The current situation exacerbates the problem of balancing between monetary policy objectives and financial stability risks for Western central banks. On the one hand, we see the vulnerability of the financial sector to interest rate and other risks, on the other, the current inflationary pressure remains elevated,” said the head of the regulator . She added that for the Russian Federation, the slowdown in the global economy means a decrease in demand for Russian export goods, which could exert additional pro-inflationary pressure, writes RIA News.
Drivers of electric scooters will be fined with the help of cameras
Violations of drivers of SIM (individual mobility equipment) will be recorded through traffic cameras, informs “Kommersant”. To do this, the traffic police, together with the Moscow City Hall, will launch a special neural network in test mode. The need for its creation is explained by the presence of a large number of couriers on electric scooters. According to experts, they do not comply with traffic rules and pose a threat to pedestrians. The Ministry of Transport has already announced amendments to the existing Code of Administrative Offenses. It is planned to seriously toughen penalties for SIM drivers. Most often, SIM owners do not comply with the speed limit and even drive onto highways. The new system will have to track all violations using traffic cameras and a neural network.
Earthquake damage in Turkey exceeds $105 billion
The total damage from the devastating February earthquakes in Turkey exceeded $105 billion, the Turkish Department of the Treasury said. “The total damage from the earthquakes in Kahramanmaras and Hatay is six times higher than after the earthquakes in 1999 in the Sea of Marmara. The damage from the “disaster of the century” amounted to about 2 trillion Turkish liras (more than $ 105 billion – “Profile”)”, – noted in the message, which leads TASS. According to the Treasury, the direct material damage from the natural disaster amounted to 1.6 trillion lira. Total losses are adequate to 9% of Turkey’s projected GNP in 2023.
The Central Bank of the Russian Federation has kept the key rate at 7.5%
Central Bank of Russia kept the key rate at 7.5% per annum for the fourth time in a row. The regulator noted that the current price growth rates remain moderate, including in terms of sustainable components. “Inflationary expectations of the population have declined significantly, but remain at an elevated level, as are the price expectations of enterprises. Operational data indicate a continued recovery in business and consumer activity,” the Bank of Russia said.