News May 29: The Council cancels the “simplified 2%”, Russia expands military factories

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About the cancellation of the “2% simplified rate”. In the first reading, the Verkhovna Rada supported the draft law, which abolishes the simplified taxation system for sole proprietorships – single tax rate of 2%.

About Russia. During the year, Russian factories increased the production of dual purpose goods and factories expanded from the production of weapons.

About the lyre. Turkish lira weakened after Recep Tayyip Erdogan won the second round of the presidential election on Sunday, extending his term in office.

About Friedman Bank. The Verkhovna Rada voted in the second reading for the draft law that allows the NBU to nationalize Sense (Alfa) bank.

About the USA. US President Joe Biden announced that the final agreement on raising the national debt ceiling ready before transmission to Congress for a vote.

Exclusive EP

The Russian military-industrial complex is gaining momentum. Where does the money come from and who helps the Russian Federation build missiles?

In order to hinder the aggressor, it is necessary to hit the revenues harder and cut off the “helping hand” from countries and companies friendly to the Russian Federation, of which there are still many in the EU and the USA. Why is the Russian military-industrial complex increasing its capacity?

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