Read the best with F+: Hard blow for Moscow, apartment purchase for unmarried people

Dear readers,

In conversation with my colleague Katharina Wagner, he predicted a bleak future for the Russian economy and the president: “The EU oil embargo is a very important decision that will reduce Russian oil exports to Europe by 90 percent over the course of six months.

This will deal a very severe blow to the Russian budget.

Diverting its oil to China and India will not be easy for Russia either, as the EU will most likely impose further measures in the coming months against Russian tankers, against the transport of Russian oil by ships of other countries and against insurance of such transports.” The rest of the interview is also well worth reading, as it explains connections from a slightly different perspective than

Carsten Knop

Editor.

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An unmarried couple buys an apartment together: When financing, they should keep in mind that they could separate at some point.

In this case, clear regulations are needed - and there are four core questions.

Firstly, what is the optimal matrimonial property regime?

Second: How is the household budget managed?

Third: How should the home be paid for?

Fourth, what are the couples' wills?

From this you may see that financing your own home is much more than just chasing low interest rates or low monthly payments.

and that's a thing that needs some care, because life isn't a pony farm.

Our financial expert Volker Looman doesn't want to paint the devil on the wall, but when a third of all marriages break up, he cannot imagine that the rate in "wild" relationships should be lower.

As a result, it can hit any third party of you in two ways.

First, love can wither, and second, there is no cure for the risk of losing your home if you are unable to take on the other half.

The end of globalization has been talked about for a long time.

It all started in 2016 when Britain voted for Brexit and in the United States Donald Trump was elected President.

Trump imposed dozens of new tariffs, effectively starting an economic war.

China was hit hardest: The video network Tiktok, for example, was about to be split off from its Chinese parent company Bytedance.

To date, it has been separated within the group and is managed as an independent company.

In the midst of all this turbulence, anyone who asked western companies how they were dealing with this incipient polarization always got the same answer: such bloc formation would be a terrible idea, and the prosperity of the world would be endangered.

Not wanting to drive disengagement themselves, they hoped they could hold the world together.

That has changed fundamentally.

And Patrick Bernau wrote down what that means.

Both Economics Minister Robert Habeck and Federal Chancellor Olaf Scholz fought for globalization in Davos.

Scholz conjured up multilateralism.

It works, he said, and that is the prerequisite for stopping deglobalization.

But that also means that deglobalization has begun.

Companies create facts.

Have a nice Pentecost weekend, thank you for your interest in our digital offers.

Best regards,

Yours sincerely, Carsten Knop

Publisher

Frankfurter Allgemeine Zeitung