The main events by the morning: June 18

• The 1992 agreement on the avoidance of double taxation with Russia has been suspended. This was stated by the US Treasury Department. There is no exact information yet, but the measure may affect the W8-BEN form, which reduces the tax on Russian dividends from companies from the United States from 30% to 13%. The suspension will take effect on August 16, 2024.

• Sanctions on the Moscow Stock Exchange and its subsidiaries will not have a significant impact on the purchase by non-residents of blocked foreign securities of Russians, the Investment Chamber said. In fact, NSD was already under sanctions.

• Foreign flowers may disappear from the Russian market. Russia plans to impose restrictions on the import of flowers from unfriendly countries due to the Rosselkhoznadzor's claims to the quality of their products.

• Putin arrived in North Korea today. The Russian president ordered the signing of a Comprehensive Strategic Partnership Agreement with the DPRK.

• Beer exports from the European Union to Russia are resuming. In April, the volume of beer exports to Russia amounted to 23 million euros, which is the highest since August last year.

• In the context of the recovery of global coal exports, Russia is losing its share in this market. According to the calculations of the Price Index Center, Russian exporters already account for less than 14.6% of global supplies, compared to 17.1% in 2021.