Bloomberg article on “Nabiullina’s maneuver”: news for the morning of June 9

Bloomberg told about the Russian Central Bank’s strategy to fight inflation, and supplies of goods from the U.S. to Russia hit a record low – these and other important news for Thursday morning, June 9, in our daily review.

Central Bank head Elvira Nabiullina has bet on strengthening the ruble to slow inflation in tough economic conditions. Sources familiar with the discussions told Bloomberg. Under the conditions of strict capital controls, collapsing imports and the inflow of “billions of petrodollars”, the ruble began to strengthen noticeably in March, the agency said. Nabiullina decided to take advantage of this and to the last minute refused to soften the policy and remove restrictions on the cross-border movement of money, even despite possible budget losses, the sources of the publication said.

After U.S. exports of goods to Russia fell almost five times in March 2022 compared to February, fresh U.S. statistics for April showed a further collapse in U.S.-Russian trade, RBC wrote. Imports of goods from the U.S. to Russia totaled $89.1 million in value terms compared to $101.1 million in March, a new monthly low since at least 2002.

Social network Twitter intends to fulfill the demands of Ilon Musk and offer him access to the data stream, including more than 500 million publications daily. This was reported to the Washington Post on condition of anonymity by an interlocutor familiar with the state of negotiations between the parties to the deal to buy Twitter for $44 billion and the company’s plans.

Due to Western sanctions and the economic crisis, the retailer VkusVill has decided to temporarily abandon plans for an IPO on foreign markets, according to Kommersant. According to Alena Nesiforova, who manages the unified concept of the VkusVill chain, the current conditions forced the retailer to return to its classical strategy with a focus on the Russian market.

Sberbank has temporarily suspended settlements in Chinese yuan since June 7, Forbes writes with reference to the data of the credit organization. The bank is working with Chinese partners to restore settlements and correct the situation, they said. In the message of the press service of Sber noted that the suspension of settlements affected corporate clients who are involved in foreign economic activity and use the national currency of China for settlements.


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