The dollar exchange rate collapsed below 55 rubles for the first time since June 2015, and the Ministry of Finance offered three new benefits for personal income tax payments – these and other important news for Tuesday morning, June 21, in our daily review.

The dollar exchange rate fell 65 kopecks, or 1.17%, to 54.98 rubles as of 10:09 MSC, according to data from the Moscow Exchange. In the next two minutes, the dollar fell to 54.83 rubles. The U.S. currency is trading below 55 rubles for the first time since June 30, 2015, RBC writes.

The Ministry of Finance proposed new benefits for the collection of personal income tax (PIT). The proposals, aimed at “increasing objectivity, social justice and solving unsettled issues”, are included in the draft directions of budget, tax and customs-tariff policy for the next three years, RBC found out.

Business associations believe that the mechanism of negative rates on currency for business will not affect a wide range of Russian companies, and the changes themselves are not critical, RBC writes with reference to representatives of “Opora” and “Business Russia”. The new rules will allow banks to compensate for losses on foreign currency deposits by charging commissions that may exceed interest payments on them.

Belarus delays payments for Russian gas because of the unfavorable ruble exchange rate, Forbes writes. The “wait-and-see” mode will end either after the weakening of the ruble or after a change in the price formula for Russian gas. The Ministry of Energy of Belarus denies problems with gas payments.

Sweden’s Volvo Trucks has started testing trucks with hydrogen fuel cells, the company’s press service said. “The combination of an electric battery and a hydrogen fuel cell will allow our customers to completely eliminate CO2 emissions regardless of the purpose of transportation,” Volvo Trucks President Roger Alm said.