The main events by the morning: May 16

• The limit on the use of NWF funds may be increased from 4.2 trillion to 6 trillion rubles. The Ministry of Economic Development of the Russian Federation notes that such a step can improve the liquidity of the fund, which in turn will allow allocating more funds for the implementation of national projects.

• A new standard for the tourism market may be set in Russia. Roskachestvo will support the World Without Borders Association and will begin issuing «China Friendly» certificates to participants in the tourism sector. The aim of the authorities is to create comfortable conditions for Chinese tourists. To obtain a certificate, you will need to have information in Chinese, the possibility of prompt translation and staff training.

• Biden's campaign headquarters refused to hold a third round of debates with Trump. Currently, only two meetings of candidates for the presidency of the United States are scheduled. The former president proposed organizing a third round, as was the case in previous campaigns, but Biden's representatives rejected the idea, explaining this by Trump's desire to «play games and cause chaos with his calls to increase the number of meetings.»

• OPEC+ countries are considering the possibility of increasing oil production. Despite the instability in the black gold market, some members of the organization are asking to increase quotas for 2025. Among them are the UAE, Kazakhstan, Iraq, Kuwait and Algeria. Their potential for oil production is high and can have a significant impact on the market.

• Russian President Vladimir Putin has begun his official visit to China. He met with Chinese President Xi Jinping at the People's Assembly House Square. Today, on May 16, the heads of state are scheduled to hold talks in a narrow and wide format.