‫بهدف تحفيز الاستثمار الأجنبي ورفع جاذبية وكفاءة السوق المالية وتعزيز تنافسيتها محلياً ودولياً “هيئة السوق المالية” تعتمد القواعد المنظمة للاستثمار الأجنبي في الأوراق المالية

إعلان (رابط الإعلان)

الثلاثاء 6 مايو 2023م  –  الرياض, المملكة العربية السعودية – اعتمدت هيئة السوق المالية القواعد المنظمة للاستثمار الأجنبي في الأوراق المالية، وتعليمات الحسابات الاستثمارية المعدّلة، وتعديل اللائحة التنفيذية لنظام الشركات الخاصة بشركات المساهمة المدرجة وقائمة المصطلحات المستخدمة في لوائح هيئة السوق المالية وقواعدها، ليعمل بها ابتداءً من تاريخ نشرها.

وجاء اعتماد تلك القواعد والتعليمات وقائمة المصطلحات، لتطوير الأحكام المنظمة للاستثمار الأجنبي في الأوراق المالية، وتيسير الاطلاع على الأطر التنظيمية المنظمة للاستثمار الأجنبي في الأوراق المالية ‌من خلال جمع الأحكام المنظمة لذلك في وثيقة تنظيمية واحدة، بالإضافة إلى تسهيل إجراءات دخول المستثمرين الأجانب للسوق المالية السعودية.

وتم في التعديلات الأخيرة تخفيف متطلبات المستثمرين الأجانب وتخفيف متطلبات الإفصاح والالتزامات المستمرة عليهم لتسهيل دخول المستثمر الأجنبي المؤهل في السوق المالية السعودية، ولتقليل الفروقات بين ما هو مفروض على المستثمر الأجنبي المؤهل، مقارنة ببقية فئات المستثمرين في السوق المالية السعودية.

هذا بالإضافة إلى تطوير شروط التأهيل الواجب استيفاؤها من المستثمر الأجنبي المؤهل للاستثمار في الأسهم المدرجة بالسوق الرئيسية، وإلغاء متطلبات تقديم طلب التأهيل واتفاقية تقييم المستثمر الأجنبي المؤهل، مع الاكتفاء في القواعد المعتمدة بمتطلبات فتح الحساب الاستثماري، وفقاً لتعليمات الحسابات الاستثمارية الصادرة عن الهيئة، وذلك بهدف التأكيد على واجب مؤسسة السوق المالية في التأكد من كون المستثمر الأجنبي مستوفياً لشروط التأهيل ذات العلاقة.

كما شملت التعديلات تطوير شروط استثمار الأجنبي غير المقيم في الأوراق المالية المدرجة من خلال اتفاقيات المبادلة، بما في ذلك إلغاء الشرط المفروض على مدة الاتفاقية، بالإضافة إلى إلغاء متطَّلب إشعار الهيئة قبل إبرام اتفاقية المبادلة.

كذلك شملت إضافة قناة جديدة للاستثمار الأجنبي في الأسهم المدرجة في السوق الرئيسية، وذلك من خلال تمكين الأشخاص الطبيعيين والاعتباريين الأجانب من الاستثمار في الأسهم المدرجة في السوق الرئيسية من خلال المحافظ الاستثمارية المدارة من مؤسسات السوق المالية.

‌وستحل القواعد المنظمة للاستثمار الأجنبي في الأوراق المالية بدءاً من تاريخ العمل بها، محل كل من القواعد المنظمة لاستثمار المؤسسات المالية الأجنبية المؤهلة في الأوراق المالية المدرجة، والتعليمات المنظمة لتملّك المستثمرين الاستراتيجيين الأجانب حصصا استراتيجية في الشركات المدرجة، والدليل الاسترشادي لاستثمار الأجانب غير المقيمين في السوق الموازية.

وينتظر أن تنعكس القواعد المعتمدة على تعزيز سيولة السوق المالية السعودية وتعميقها ورفع جاذبيتها وتعزيز مكانة السوق المالية السعودية على المستوى العالمي، بالإضافة إلى نقل المعارف والخبرات للمؤسسات المالية المحلية والمستثمرين من خلال تعزيز دور المستثمر المؤسسي في السوق المالية السعودية.

وجدير بالذكر أن هيئة السوق المالية قامت في 2018 بإصدار التحديث للقواعد المنظمة لاستثمار المؤسسات المالية الأجنبية المؤهلة في الأوراق المالية المدرجة، وعلى أثر ذلك تضاعفت الأرقام الخاصة بالمستثمرين الأجانب، حيث ارتفع عدد المستثمرين الأجانب بنسبة 179% منذ عام 2018 وحتى عام 2022م، وارتفعت نسبة ملكية المستثمرين الأجانب من إجمالي القيمة السوقية للأسهم الحرة من 3.77% في 2018 إلى 14.21% بنهاية 2022.

ويأتي اعتماد القواعد بعد أن نشرت الهيئة مشروع القواعد المنظمة للاستثمار الأجنبي في الأوراق المالية على المنصة الإلكترونية الموحدة لاستطلاع آراء العموم والجهات الحكومية التابعة للمركز الوطني للتنافسية (منصة استطلاع) وموقع الهيئة الإلكتروني لمدة (30) يوماً تقويمياً لاستطلاع مرئيات العموم حياله.

وتهدف المملكة العربية السعودية إلى أن تكون وجهة استثمارية جاذبة ومحفزة للاستمرار والتوسع ضمن رؤيتها 2030، حيث عملت على إصلاحات هيكلية في الجانب الاقتصادي والمالي أسهمت في رفع معدلات النمو الاقتصادي والحفاظ على الاستقرار والاستدامة المالية، والتي بدورها تجذب الاستثمارات الأجنبية إلى المملكة.

وتسعى الهيئة من خلال خطتها الاستراتيجية إلى جعل السوق المالية السعودية السوق الرئيسية في الشرق الأوسط ومن أهم الأسواق المالية في العالم، وأن تكون سوقاً متقدمةً وجاذبةً للاستثمار المحلي والأجنبي بما يمكّنها من أداء دور محوري في تنمية الاقتصاد وتنويع مصادر دخله بما يتماشى مع رؤية 2030.

ويمكن الاطلاع على القواعد المنظمة للاستثمار الأجنبي في الأوراق المالية، وتعليمات الحسابات الاستثمارية المعدّلة، واللائحة التنفيذية لنظام الشركات الخاصة بشركات المساهمة المدرجة المعدّلة، وقائمة المصطلحات المستخدمة في لوائح هيئة السوق المالية وقواعدها المعدّلة، من خلال الروابط الإلكترونية الآتية:

القواعد المنظمة للاستثمار الأجنبي في الأوراق المالية

تعليمات الحسابات الاستثمارية المعدّلة

اللائحة التنفيذية لنظام الشركات الخاصة بشركات المساهمة المدرجة المعدّلة

وقائمة المصطلحات المستخدمة في لوائح هيئة السوق المالية وقواعدها المعدّلة

معلومات التواصل: Contact:

هيئة السوق المالية

الإدارة العامة للتواصل وحماية المستثمر

966114906009+

966557666932+

Media@cma.org.sa

www.cma.org.sa

 

Capital Market Authority

Communication & Investor Protection Division

966114906009+

966557666932+

Media@cma.org.sa

www.cma.org.sa

عن الهيئة:   About CMA:

نشأت السوق المالية في السعودية ببدايات غير رسمية في الخمسينات، واستمر الوضع كذلك إلى أن وضعت الحكومة التنظيمات الأساسية للسوق في الثمانينات. وبموجب “نظام السوق المالية” الصادر بالمرسوم الملكي رقم (م/30) وتاريخ 2/6/1424هـ تأسست هيئة السوق المالية. وهي هيئة حكومية ذات استقلال مالي وإداري وترتبط مباشرة برئيس مجلس الوزراء.

للمزيد من المعلومات عن الهيئة يرجى زيارة موقع الهيئة الرسمي على شبكة الإنترنت: www.cma.org.sa

 

The Capital Market Authority (CMA) in Saudi Arabia unofficially started in the early fifties, and continued to operate successfully, until the government set its basic regulations in the eighties. The current Capital Market Law is promulgated and pursuant to Royal Decree No. (M/30) dated 2/6/1424H, which formally brought it into existence. The CMA is a government organization applying full financial, legal, and administrative independence, and has direct links with the Prime Minister.

For more information about CMA, please visit the official website: www.cma.org.sa

GlobeNewswire Distribution ID 3552423

To instigate foreign investment, increase the attractiveness and efficiency of the capital market, and enhance regional and international market competitiveness: The Capital Market Authority Approves the Rules for Foreign Investment in Securities

Rules for Foreign Investment in Securities

CMA approves the Rules for Foreign Investment in Securities with the Aim of Investigating Foreign Investment and Raising Attractiveness and Competitiveness of Capital Market

Announcement (Link)

RIYADH, Kingdom of Saudi Arabia, May 05, 2023 (GLOBE NEWSWIRE) — The Capital Market Authority (“CMA”) approved the Rules for Foreign Investment in Securities (the “Rules”), Amendments to the Investment Accounts Instructions, Amendments to the Implementing Regulation of the Companies Law for Listed Joint Stock Companies and Amendments to the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority, which shall be effective as of the date of their publications.

The approval of the Rules, Instructions and Glossary aim to develop the provisions regulating foreign investment in securities, facilitate access to the regulatory frames regulating foreign investment in securities by collecting the regulating provisions in a single regulatory document, as well as facilitating qualified foreign investors’ (QFIs’) entry procedures to invest in the Saudi capital market.

The last Amendments comprised considering facilitating the QFIs’ requirements, facilitating disclosure requirements and continuous obligations to ease Saudi capital market entry with the aim of minimizing the differences between QFIs and other investor categories in the Saudi market.

The Amendments also comprised developing the qualification conditions that must be met by the QFI to invest in the shares listed in the Main Market and removing the requirements on application for qualification and QFI’s assessment agreement. The approved Rules only requiring the QFI to open an investment account in accordance with the Investment Accounts Instructions issued by CMA. This is to ensure the obligation of the capital market institution to make sure that the QFI is meeting all relevant qualification conditions.

Furthermore, the amendments included developing conditions on the investment of the non-resident foreign investors in listed securities through Swap Agreements, including removing the requirement on the duration of such swap agreements, as well as removing the requirement to notify the CMA prior to entering into a Swap Agreement.

The Amendments also included adding a new channel for foreign investment in securities listed on the main market by enabling all foreign natural and legal persons to invest in securities listed on the main market through discretionary portfolios management by Capital Market Institutions.

As of its effective date, the Rules shall replace the Rules for Qualified Foreign Financial Institutions Investment in Listed Securities, Instructions for the Foreign Strategic Investors’ Ownership in Listed Companies and the Guidance Note for the Investment of Non-Resident Foreigners in the Parallel Market.

The approval of these rules is expected to have a positive impact on boosting liquidity in the Saudi market, deepening and raising its attractiveness, and enhancing its global status. The rules will also contribute to the transformation of knowledge and experiences in local capital institutions and investors, thereby enhancing the role played by institutional investors in the Saudi capital market.

It is worth noting that the CMA issued the updated edition of the Rules in 2018, which resulted in a 179% increase in the number of QFIs from 2018 to 2022 . In addition, the foreign investors’ ownership ratio of the free float total market value increased from 3.77% in 2018 to 14.21% by the end of 2022.

The approval of the Rules came after CMA has published the Draft Rules for Foreign Investment in Securities on the Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform) affiliated with the National Competitiveness Center (NCC), and the CMA’s website for public consultation for a period of (30) calendar days.

Within its Vision 2030, the Kingdom aims to be an attractive and instigating investment destination to continue expanding, as it has developed structural reforms in the financial and economic aspects that have contributed to raising economic growth rates and maintaining financial stability and sustainability, which in turn, helps in attracting foreign investments.

Through its strategic plan; the CMA seeks to position the Saudi capital market as main market in the Middle East and one of the leaders financial markets in the world, and to be an advanced market and attractive to domestic and foreign investment, enabling it to play a pivotal role in developing the economy and diversifying its sources of income in line of the Kingdom’s Vision 2030.

The Rules for Foreign Investment in Securities, the Amended Investment Accounts Instructions, the Amended Implementing Regulation of the Companies Law for Listed Joint Stock Companies and the Amended Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority can be viewed via the following links:

The Rules for Foreign Investment in Securities

The Amended Investment Accounts Instructions

The Amended Implementing Regulation of the Companies Law for Listed Joint Stock Companies

The Amended Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority

Contact:
Capital Market Authority
Communication & Investor Protection Division
+966114906009
+966557666932
Media@cma.org.sa
www.cma.org.sa

About CMA:
The Capital Market Authority (CMA) in Saudi Arabia unofficially started in the early fifties, and continued to operate successfully, until the government set its basic regulations in the eighties. The current Capital Market Law is promulgated and pursuant to Royal Decree No. (M/30) dated 2/6/1424H, which formally brought it into existence. The CMA is a government organization applying full financial, legal, and administrative independence, and has direct links with the Prime Minister.

For more information about CMA, please visit the official website: www.cma.org.sa

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/fa8014a9-7c79-458e-87eb-2da58d688e6c

GlobeNewswire Distribution ID 8833372

Who is Zakhar Prilepin, the Russian ‘nationalist’ writer injured in a car bombing?

Novelist and political activist Zakhar Prilepin, who has participated in Russia’s military operation in Ukraine, was rushed to a hospital after being injured in a car bombing on Saturday. The news agency Interfax cited emergency services saying that he remains in critical condition.

The blast took place on a road 70km from the city of Nizhny Novgorod in central Russia. Prilepin’s personal assistant, who was behind the wheel at the time of the incident, was killed.

Zakhar Prilepin was born as Evgeny Prilepin in 1975 in the village of Ilyinka in western Russia. After completing mandatory military service, he worked as a police officer in the 1990s and was deployed to Chechnya during the separatist and Islamist insurgency there.

He later became a journalist and built a career as a critically acclaimed novelist. Opinion polls have often shown him ranked as among the country’s top contemporary writers, and he was named the most popular author of 2022, according to a survey by pollster VCIOM. In the Western media, Prilepin has been commonly described as a “Russian nationalist.”

His crime thriller ‘Break Loose’, set in a small Russian town, was made into a film in 2013. His historical novel ‘Abode’, centered on a remote Soviet prison camp in the 1920s, was adapted into a TV series in 2021.

Prilepin gained additional fame as a prolific political pundit, frequently appearing on TV and radio, as well as hosting his own show on the Russian channel NTV. He was first involved with Eduard Limonov’s now-banned National Bolshevik Party until founding his own small conservative party, ‘For Truth’, in 2019.

Prilepin is known for his hawkish stance on foreign policy and has suggested that the whole of Ukraine should be incorporated into Russia. In 2014, he supported the revolt in the Donbass region, which rejected the Western-back coup in Kiev that year and declared independence from Ukraine, creating the Donetsk and Lugansk People’s Republics (DPR and LPR).

After an armed conflict broke out between Ukrainian troops and Donbass forces, Prilepin visited the war zone many times, eventually becoming deputy commander of a DPR military unit with the rank of major. He quit the post in 2018, citing the desire to focus more on writing. Both Donbass republics joined Russia after holding referendums in September 2022.

In January, Prilepin enlisted in the Russian National Guard and went back to the frontline. “I have returned to the same war, to the same place where I first arrived in 2014, traveling down the same roads as nine years ago,” he told RT last week. “This is my story, the story of my life.”

Ukraine banned Prilepin’s books in 2018. Last year, he was blacklisted by the EU as part of the sanctions imposed on Russia over its military operation launched in the neighboring state more than a year ago.

The attempt on Prilepin’s life comes after a string of similar bombings. Last August, Darya Dugina, the daughter of Russian philosopher Aleksandr Dugin, died in a car blast outside Moscow.

In early April, a bomb went off inside a St. Petersburg cafe, killing popular military blogger and Donbass native Vladlen Tatarsky. Moscow attributed both killings to Ukrainian special services.

Source: Russia Today

Moscow blasts Kiev over use of grain corridor to attack Russia

Ukraine’s attempts to exploit the Black Sea grain corridor to stage terrorist attacks on Crimea, Russia cannot be tolerated, Deputy Foreign Minister Sergey Vershinin said in an exclusive interview with RT released on Saturday.

Speaking after talks with the United Nations Trade and Development chief on the renewal of the landmark UN- and Türkiye-brokered grain deal with Ukraine, which is set to expire on May 18, Vershinin signaled that Russia is not satisfied with the way the agreement is being implemented.

He said that while the talks turned out to be useful, as they allowed the headway being made to be measured, Russia “is not happy with the progress.” Vershinin explained that the part of the agreement unblocking Ukrainian grain exports via the Black Sea has yielded “real results,” but not without caveats.

“We are drawing attention to the fact that the grain… is probably being exported to the most developed countries… However, the very idea that was put forward by the UN secretary general [Antonio Guterres] to ensure food security in the world, as it turns out, is not actually happening.”

Vershinin said the parties to the deal are working on the international humanitarian corridor to export grain, “but everyone knows that, unfortunately, it was used by the Ukrainian side, in particular, to organize terrorist attacks against Sevastopol, which is absolutely unacceptable.”

The deputy foreign minister went on to tout Russia’s potential in ensuring global food security. “It is well-known, if we remove barriers for our agricultural exports, and for the exports of our fertilizers, many countries of the world will benefit.”

Concluded last July, the landmark grain deal with Ukraine has since hit some stumbling blocks. Russian officials have repeatedly complained that while the deal indeed unblocked Ukrainian grain exports, it failed to unblock deliveries of Russian food and fertilizers to global markets, mostly due to the Western sanctions.

The deal has also been marred by several Ukrainian attacks using the grain corridor, resulting in Russia briefly suspending its participation in the agreement in October 2022.

In April, Russia’s Defense Ministry said that Ukraine had broken its promise not to use the grain corridor for military purposes after several unmanned boats attacked the Black Sea Fleet bases in Sevastopol, as well as civilian infrastructure on two occasions, potentially threatening the deal’s renewal.

Source: Russia Today

Suspect in Prilepin car bombing detained

Russian police have announced the have arrested a man who could be connected to the bomb blast that injured prominent Russian writer and political activist Zakhar Prilepin.

According to the Nizhny Novgorod Region prosecutor’s office the explosion took place in the village of Pionersky, some 70km from the eponymous city, some 400km to the east of Moscow.

In a statement, Russian Interior Ministry spokeswoman Irina Volk said that “during a hot pursuit in Nizhny Novgorod Region, police officers apprehended a man who may have been involved in blowing up the car with Zakhar Prilepin inside.”

Volk said that the man “had been spotted near the village of Pionersky, according to witnesses.”

The Interior Ministry added that the 30-year-old suspect, who has a prior criminal record, was arrested while police officers were implementing a dragnet. A Ren TV channel source had earlier identified the man as a local resident who recently received Russian citizenship, adding that he was being interrogated by law enforcement.

The Baza Telegram channel noted, citing sources, that the police were seeking a second suspect, described as a 33-year-old man who had rented an apartment on the city outskirts one day before the blast. The man is said to have come to police attention because he is registered in Ukraine’s Kharkov Region.

The Tass news agency reported, citing sources, that individuals believed to be involved in the attack were also being sought in Moscow Region and that the addresses of these additional suspects are already known. The police have also reportedly managed to pinpoint the apartment where the explosive device that blew up Prilepin’s car was assembled.

Earlier in the day, Russia’s Investigative Committee announced that it had opened a criminal investigation into the attack and that forensic scientists had been dispatched to the scene. It also described the blast as a “terrorist act.”

According to the Interior Ministry, while Prilepin was injured, the blast killed a man identified by Russian media outlets as the writer’s driver. Commenting on Prilepin’s health status, the governor of Nizhny Novgorod Region Gleb Nikitin said that he “suffered from minor fractures, but his life is under no threat.” The governor added that he was in the care of local medical personnel.

Nikitin described the deceased man as “Prilepin’s assistant and comrade” while expressing condolences to his family and loved ones.

Russia’s Investigative Committee also published a picture of Prilepin’s severely damaged car. The vehicle appears to have been flipped over by the blast, with its front completely destroyed and front wheels missing. The car is seen lying on its roof near a crater that was apparently caused by the explosion.

Other videos and pictures on social media appear to show emergency services and law enforcement officers having arrived at the scene.

Source: Russia Today

Russian writer Prilepin injured in car bombing

Russian author and political activist Zakhar Prilepin was seriously injured on Saturday in a car bomb near the city of Nizhny Novgorod. His driver was killed.

The explosion occurred while Prilepin’s car was on a highway. Preliminary data indicated that the explosive device was planted underneath the vehicle.

The Mash Telegram channel reported that as a result of the blast, which took place near the town of Bor across the Volga River from Nizhny Novgorod, the car flipped over. The newspaper RBK reported, citing sources, that the explosion occurred as Prilepin was returning from a trip to Russia’s two Donbass republics.

Medics told the media that both of Prilepin’s legs were broken. He also suffered a concussion.

According to the Baza Telegram channel, Prilepin was accompanied by his daughter, but in a fortunate turn of events, she had stepped out of the car minutes before it exploded.

Gleb Nikitin, the governor of Nizhny Novgorod Region, confirmed that Prilepin is “all right,” adding that Russian law enforcement agencies are “investigating the circumstances and causes of the incident.”

Responsibility for the attack was claimed by a radical Ukrainian movement called Atesh, which said that it “had been hunting Prilepin since the start of this year.”

After the Western-backed coup in Kiev in 2014, Prilepin emerged as a staunch supporter of the Donetsk and Lugansk People’s Republics, which broke free from Ukraine’s rule and later joined Russia. In 2017, he formed his own volunteer battalion, taking the position of political officer. In late January, the writer’s press service said that Prilepin had signed a contract with Russia’s National Guard and set off for the conflict zone.

Prilepin has also authored several books, most notably ‘The Pathologies’, a novel about the Chechen War, as well as ‘Some Will Not Go To Hell’, describing the hostilities in Donbass.

READ MORE: Russian city to honor journalist allegedly murdered by Ukrainian operatives

The blast is the latest in a string of similar incidents that have claimed the lives of two prominent Russian public figures. In early April, a bomb exploded in a cafe in St. Petersburg, taking the life of military blogger Vladlen Tatarsky. The Russian authorities say the killing was orchestrated by Ukrainian special services.

Last August, Darya Dugina, the daughter of Russian philosopher Aleksandr Dugin, died in a car blast in Moscow Region, an assassination that Russian officials have also attributed to Ukrainian special services.

Source: Russia Today

Russian car sales triple

Sales of new passenger cars in Russia jumped 2.7 times in April compared to the same period in 2022, data from analytical agency Avtostat showed on Thursday.

According to the report, more than 75,000 new vehicles were sold last month in total, which is 8% more than in March.

Avtostat said that 44% of the cars sold were Chinese brands, while another 35% were Russian made. The combined share of South Korean, Japanese, European, and American automobiles fell to just over 20%.

The top-selling brand in the country was Russian LADA (33.4%), and the most popular model was the Lada Granta (24.3%). Among foreign automakers, Chery was the best-selling Chinese brand, and the Geely Coolray crossover was the top selling model.

The exit of Western and Japanese companies from the Russian auto market has provided an opportunity to rising industry players such as China and Iran.

Chinese automakers have embarked on a major expansion in the Russian market and are expected to reach a 60% share of total sales this year, according to car dealer chain Autodom. China exported over 160,000 cars to Russia last year, more than doubling its share of the country’s auto market.

Iranian auto makers are also expected to launch sales in Russia this year.

READ MORE: Chinese firm may take over German car plant in Russia – media

Experts say the situation could also boost the Russian auto industry. Car manufacturer AvtoVAZ revealed earlier that it plans to double production this year to more than 400,000 cars. According to the company’s press service, it has the capacity to produce up to 500,000 vehicles a year.

Source: Russia Today

Russia planning strict new alcohol laws – RIA

Russia’s Health Ministry is mulling new measures to curb the consumption of strong alcoholic beverages in the country, RIA Novosti has reported. Among the steps reportedly under consideration are restrictions on the hours when spirits can be sold and raising the legal drinking age.

In an article on Saturday, the media outlet reported that officials are considering prohibiting the sale of liquor with an alcohol content of more than 17.5% to anyone under 21. Currently the legal drinking age for all alcohol in Russia is 18.

Another measure proposed in the ministry’s report, which RIA claims to have seen, is to grant local authorities the right to restrict the sale of liquor on weekends and public holidays. Additionally, they would be able to impose a ban on alcohol sales from 8pm until 11am.

The sale of alcohol is currently not permitted between 11pm and 8am in Moscow and from 10pm to 11am in St. Petersburg. Several other regions, including Chukotka and Dagestan, have established their own hours.

The ministry also seeks to outlaw any form of advertising of hard liquor, as well as prohibit it from being featured in newly produced musical clips, television series, movies and music, RIA reported.

According to the article, the need for tougher regulations is being discussed in light of recently released statistics from 2022 showing retail sales of alcohol having exceeded the forecast level.

This trend, as the ministry’s document reportedly noted, calls for more vigorous efforts at promoting a healthy lifestyle.

Source: Russia Today

Russian economy showing signs of recovery – data

Russia’s economy posted a better than expected 2.2% GDP drop from January through March in annual terms, statistics from the Economy Ministry have shown.

According to the ministry, the Russian economy shrank by 1.1% year-on-year in March, an improvement on a revised 2.9% decline in February.

GDP is expected to rebound marginally in 2023 from a 2.1% annual decline last year due to Western sanctions.

Ministry data seen by local media in April showed that the economy is forecast to grow 1.2% this year. Next year, the GDP growth rate is expected to reach 2%, accelerating to 2.8% by 2026.

According to estimates released by the Bank of Russia at the end of last month, the economy will grow by up to 2% this year, supported by improving domestic demand and the adaptation to sanctions

READ MORE: Bank of Russia raises economic forecast

In April, the World Bank and the International Monetary Fund (IMF) both raised their growth forecasts for the Russian economy. According to the IMF, Moscow was “able to maintain quite a bit of momentum in the economy by taking very strong fiscal measures.”

The fund forecasts Russian output in 2027 to be around 8% lower than predicted before the start of the military operation in Ukraine.

Source: Russia Today

Expats in W.Balkans begin voting in Trkiye’s presidential, parliamentary polls

Turkish overseas voters started casting their ballots in the Western Balkans on Saturday for Trkiye’s upcoming parliamentary and presidential elections. Voting started at 9.00 a.m. local time (0700GMT) and will continue for 12 hours, reopening on Sunday for the same period. Voters formed long lines in front of the Turkish embassies Ahmet Burak Dogan who cast his ballot in Serbia’s capital Belgrade, said he had fulfilled his civic duty. “I recommend everyone do this. Good luck for our country,” said Dogan. Ufuk Erarslan, who traveled more than 100 kilometers (about 62 miles) to cast his vote, said he participated in the elections for a better future for his country. “We will use our vote so that we have the right to criticize everything,” he said. Ayse Gonul said she wanted to come and vote as early as possible. “Good luck for Trkiye. I think everyone should cast their votes,” she said. There are nearly 2,311 eligible Turkish voters in Serbia, according to data by Trkiye’s Supreme Election Council. Expatriates can cast their votes in the capital Belgrade and in the Consulate General of Novi Pazar. The voting process has also started in Kosovo’s capital Pristina. Ambassador Sabri Tunc Angili told Anadolu he was expecting great interest in the elections from Turkish voters. “This year, it is possible to vote in 73 countries in our 151 representative offices, and we increased the number of them compared to 2018. I hope it will be beneficial for our entire nation, our country,” said Angili. There are 2,192 registered voters across Kosovo. Voters will be able to vote at the embassy in Pristina and Consulate General in Prizren. The Turkish Embassy in Montenegro’s capital Podgorica opened its doors for 1,704 registered voters. Portugal and Slovakia Turkish nationals in Portugal also went to the polls in the capital Lisbon, with 1,484 Turkish voters registered in the country, according to Supreme Election Board data. Meanwhile, ballot boxes were set up for the first time in Slovakia. The procedure began at the embassy in Bratislava, with participation high. Ambassador Yunus Demirer told Anadolu that voters were greatly interested in the ballot. “A lot of interest as soon as the voting hour arrived. We’re very pleased with this. The tendency of our citizens abroad to vote more in each election and to participate more in political life is very pleasing for all of us,” said Demirer. Bahattin Demiral, who has been living in Slovakia for 28 years and came to the embassy to vote from a distance of 450 km, said he was very pleased with the decision to open ballot boxes. “The establishment of ballot boxes in Bratislava is a great thing for the homeland,” said Demiral. On their ballots, voters will choose between four presidential hopefuls, in the following order: President Recep Tayyip Erdogan (seeking reelection), Muharrem Ince, Kemal Kilicdaroglu, and Sinan Ogan. In addition, 24 political parties and 151 independent candidates are vying for all 600 seats in the Turkish parliament. Some 3.41 million people are expected to cast their votes abroad, including nearly 278,000 young first-time voters.

Source: Anadolu Agency