Finance

The Russian Federation wants to cancel a tax of 3 million rubles on the sale of housing - IZ

The tax-exempt amount for the sale of apartments and country houses is to be increased from 1 million to 3 million rubles if new housing is purchased instead. The initiative of major real estate companies has already been supported by the State Duma.

Today the personal income tax is charged if the sale occurred within five years from the date of possession. However, over the past two years alone, real estate prices have increased by up to 60%, making it even more difficult to solve the housing problem for many families, experts say.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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