BRICS has decided to temporarily suspend the admission of new members. According to Lavrov, the organization decided by a majority vote to pause in order to "digest" the recently joined countries that doubled the composition of the BRICS. NVIDIA's capitalization fell by $500 billion amid a three-day correction. The value of the chipmaker's securities fell by 16% from June 20 to 24. Yesterday, some of the losses were recouped by an increase of 5% – from a minimum of $ 118, the securities rose to $ 124. This is the first time in the history of the stock market that such a serious drop in capitalization has been observed. The developer of the Russian electric car Atom is considering an IPO. This was stated by the CEO of Kama in an interview with TASS. According to him, most technology companies plan to enter the public capital market, and Kama is no exception. The Ministry of Finance of the Russian Federation does not see the need to increase public debt. This was stated by First Deputy Minister of Finance Irina Okladnikova. Earlier, Finance Minister Anton Siluanov said that the national debt is at a low level and by the end of 2024 it may even be below 17% of GDP. In the spring, India supplied aluminum to Russia for the first time. According to the country's customs, in April, India sold 44.8 thousand tons of unprocessed aluminum to Russian companies in the amount of $16.5 million. This is the first delivery of metal to Russia since at least 2009, there is no earlier information in the public domain.
