Trade and services

On Monday, August 20, come into force a minimum retail price (MRP)  for "weak" and "strong" vodka in Russia.

The wholesale price of gasoline for the week increased by 7% for the first time since the end of May. The government took measures to stabilize them in May. This is due to the upcoming repairs of the refinery and a decrease in fuel production.

In Berlin, ended the conversation between Russian President Vladimir Putin and Chancellor Angela Merkel. It lasted about three hours.

The international rating Agencies S&P and Moody's has downgraded Turkey's long-term sovereign foreign currency credit rating to "B+" and local currency rating to "BB -", the Agency said in a press release.

Brand Finance is consulting company in the field of strategy and brand valuation. Company has published the rating of the most valuable Russian brands on its website.

Moon Jae-In - the President of South Korean - said that in case of discharge, two Koreas can create a special economic zone in the border areas.

The growth of industrial production will increase  to 2.5% in annual terms by December, according to Thus forecast of Russian University of Economics  G. V. Plekhanov. 

Russia and Uzbekistan discuss  creation a joint enterprises for production of cotton yarn in the territory of the Republic of Uzbekistan, is spoken in the of Russian Tekstil’s message.

Turkey is preparing to move to payments in the national currency with its major trading partners, President Tayyip Erdogan said.

Leaders of five Caspian states will sign a convention on the legal status of the Caspian Sea at their summit in city of Aktau (Kazakhstan) on August, 12.

Iran's oil exports continued to decline in July. A full recovery of US sanctions against the country will be in November.

African countries are seriously thinking about creating a single currency of the continent and the common Central Bank. 

Shares of Russian companies fell after the announcement restrictive measures of US.

China will impose duties on goods at $ 16 billion. New barriers begin on August, 23.  The US and China are rapidly rolling towards a fight.

The Saudi foreign Ministry announced the suspension of "all new business and investment operations" with Canada. This information was in  report of Saudi Press Agency.