Rosfinmonitoring will spend up to 340 million rubles to improve the tracking of cryptocurrencies, and the authorities have started looking for a new scheme to calculate oil prices for tax assessment – these and other important news for Friday morning, January 20, in our daily review.

Rosfinmonitoring has placed an order to improve its Unified Information System at a maximum cost of 340 million rubles, according to information on the government procurement website. Kommersant drew attention to this. Rosfinmonitoring wants to improve the module “Monitoring and analysis of cryptocurrency transactions”, follows from the application.

Officials are discussing a change in the principles of calculating the cost of oil for taxation against the backdrop of a sharp drop in the cost of the Russian Urals grade, two sources close to the government told Vedomosti, and a source close to one of the oil companies confirmed. Vladimir Putin has instructed the government to propose alternative options for calculating oil prices, one of the sources said.

Since the beginning of the SWO on the territory of Ukraine and until the end of 2022, 8.5% of Western companies have managed to leave Russia. This data casts doubt on the willingness of Western companies to “separate from the economies of those countries that their governments now consider geopolitical rivals,” Forbes writes, citing a study by economists Simon Evenett of the University of St. Gallen and Niccolo Pisani of IMD Business School.

The U.S. intends to keep the ceiling price for Russian oil at $60 per barrel, Bloomberg reports citing informed sources. The G7 countries and the European Union earlier agreed to revise the price ceiling for oil from Russia every two months, starting from the second half of January, so that the ceiling price would be 5% lower than the market average.

Credit Suisse economists concluded that the creation of an effectively functioning single global currency or the emergence of a new global hegemon among existing currencies is unlikely. In the long term, it is likely to weaken the role of the dollar as a global reserve currency, but in a more multipolar financial system, the dollar will prevail, they believe. RBC writes about it with reference to the report of the Swiss bank on the future of the world monetary system.