Ban on the supply of Loongson processors, Fix Price plans to enter the UAE markets: the main thing on December 13

Russia

• The Ministry of Digital Development is developing a new support system for Russian software developers: it is planned to provide them with a guaranteed demand for solutions that have not yet been developed at the expense of anchor customers, which can be large state-owned companies.

World

• The Chinese government has banned the supply of Loongson processors based on its own LoongArch architecture to the Russian Federation. The decision stems from the fact that the technology is recognized as strategically important and is used in China’s military-industrial complex.

Finance

• Investors have become more active in acquiring certificates of deposit from companies registered abroad and doing business in the Russian Federation, with the idea of ​​re-registering them in Russian or friendly jurisdictions. The discount on such securities is 70-80% in relation to the price on the Russian market.

Business

• On December 12, Global Fashion Group (GFG) completed the sale of Lamoda’s business in Russia, Kazakhstan and Belarus to Stockmann’s owner Yakov Panchenko.
• The Fix Price chain of stores has planned to enter the UAE market. The company buys most of its products from China.
• Yandex will soon introduce its own electric scooters to replace the Chinese Ninebot. The development is carried out by the Wind company, which the corporation acquired last fall. It is planned to produce scooters at partner factories in China.
• The potential to increase turkey meat production and the high prices of the products attract secondary investors to the business.