Russian authorities decided to increase the tax on the extraction and sale of gold. From June 1 to the end of 2024, this tax will increase by 78 thousand rubles per kilogram of precious metal. It is estimated that during this period the budget will be able to receive an additional 15 billion rubles. It is noted that the increase in the mineral extraction tax will not have a critical impact on the gold mining sector, since it amounts to only 1.1% of the value of gold. Temporary problems with the Russian Angara-A5 missile have been eliminated. The state Commission has again approved the rocket for the first launch from the Vostochny cosmodrome. The launch was postponed to April 10 at 12:00 Moscow time. The first launch attempt was canceled yesterday due to a malfunction of the central unit's oxidizer tank boost system. The US Treasury Department has accused Russia of circumventing sanctions by using stablecoins. According to Bloomberg, the US department is seeking to gain more authority to control foreign cryptocurrency platforms. U.S. Deputy Treasury Secretary Adeyemo noted that Russia is increasingly resorting to stablecoins as an alternative for cross-border settlements. The Ministry of Industry and Trade of Russia plans to support companies switching to domestic hardware and software, reimbursing up to 50% of their transition costs. Support will be provided only to those projects that implement software products and digital platforms, information about which is contained in the Russian software registry. The minimum and maximum limits of budget funds that can be provided to each enterprise will also be established. Analysts predict an eight-fold growth of the Indian market in the next 20 years. Currently, the Indian market capitalization is almost $5 trillion, making it the fourth largest in the world. Experts believe that its volume may grow to $40-60 trillion in the coming decades.
