Gold and currency reserves in the world in 2022 fell by a record $ 1 trillion, the EU and the G7 introduce a maximum price for Russian oil products, the Russian government issues housing certificates and other news of the day, in the RB summary.

The depletion of gold reserves, the EU embargo on oil from the Russian Federation and the unmanned Moscow metro: the main thing for business February 5

World

  • The European Union, along with the G7 and Australia, following the US, introduces a ceiling on the prices of petroleum products transported by sea from Russia.

  • According to RIA estimates, global gold and foreign exchange reserves fell by a record $1 trillion in 2022. This is the first drop since 2018.

  • Sanctions against Russian fuel could lead to an energy crisis, Saudi Arabia’s energy minister has said.

Russia

  • The Government of the Russian Federation has signed a schedule for the issuance and distribution of housing certificates. In 2023, more than 2,500 Russians will receive them.

  • Sergei Sobyanin spoke about the development of an unmanned train for the Moscow metro. The New Generation Train is scheduled to appear in 2026.

Business

  • The Economist called what is happening in the Russian market under sanctions “the wild times of mafia capitalism.” According to the publication, “Russia’s economic isolation” has created a get-rich-quick opportunity due to the departure of foreign competitors.

Photo: Unsplash

Author:

Ahmed Sadulayev

Source: RB

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