Finance accounting and audit

The standard of living of Russians is now on average 30% higher than in the early 1990s, however, the differentiation of citizens' incomes is very significant even among state employees.

Deputy Chairman of the Federation Council Committee on Social Policy, said that the increase in the pensions of non-working pensioners after indexation by 8.6% would amount to an average of 1.4 thousand rubles.

Legendary investor, founder and CEO of investment firm Bridgewater, Ray Dalio, named the unexpected danger of cash.

Deputy Chairman of the State Duma Committee on Economic Policy Mikhail Delyagin believes that parliamentarians should have a salary in accordance with the national average.

Ruble rises against the dollar and the European currency amid high oil prices and renewed investor interest in risky assets.

Business losses from the turmoil in Kazakhstan amounted to more than 93.7 billion tenge ($216 million at the National Bank's exchange rate).

Britain and its allies will prepare sanctions to be imposed on the Russian financial sector in the event of a Russian "invasion" of Ukraine.

EU High Representative for Foreign Affairs and Security Policy Josep Borrell said Ukraine has received € 17 billion in aid from the European Union since 2014.

Shares of Chinese companies traded on US exchanges showed a sharp rise at the end of the year.

Russian Finance Minister Anton Siluanov said that in 2022-2024 the Ministry of Finance does not plan to increase the rates of personal income tax (PIT), income tax and value added tax (VAT).

Deputies from the Liberal Democratic Party faction headed by Vladimir Zhirinovsky, as well as some senators, submitted to the State Duma a bill on the annual pre-New Year's pension payment.

Analysts and fund managers believe there will be attractive investment opportunities in a wide range of sectors in 2022.

The US market has seen 481 initial public offerings this year (excluding SPAC deals), in which companies raised about $167 billion.

Hong Kong's main stock exchange index Hang Seng (HSI) fell 1.85 per cent (to 22,764 points) in trading on 20 December.

The Turkish national currency hit an all-time low on Thursday, December 16, falling to 15.21 lira per US unit.