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Why People Take Mortgages Despite High Rates?
Contrary to expectations, the Russian mortgage market is growing despite high interest rates. Why do Russians continue to take out mortgages even in the face of inflation and the risk of ruble devaluation? In this article, we examine the key reasons — from the desire to protect savings to government ...
Friday, December 6, 2024: Analysis of Key Events and Reports
... prices. It's advisable to closely monitor key indicators and prepare for potential market fluctuations.
As the founder of Open Oil Market, I believe that Friday's events provide a clear picture of global economic trends, which inevitably reflect on the Russian market. U.S. employment data, macroeconomic indicators from the Eurozone and Germany, as well as India's rate decisions, shape the overall sentiment in commodity and currency markets. For Russia, it's crucial to focus on oil price dynamics and U.S. rig ...
Energy Sector News, Sunday, July 27, 2025: Brent at around $70, Record Gas Reserves, Fuel Price Stabilization
... Meanwhile, market participants are closely monitoring the EU's further steps to enhance energy security—including the introduction of new target levels for storage and potential restrictions on Russian gas imports currently under political discussion.
Russian Fuel Market: Stabilization Measures and Price Reactions
The internal market for petroleum products in Russia is experiencing a tense situation this summer, associated with the rapid rise in prices for gasoline and diesel fuel. In July, exchange prices for ...
Chinese Electric Vehicles: A New Era in the Automotive Industry
... Xpeng, and Li Auto, are also actively expanding their presence in international markets.
Chinese companies are investing in the development of charging station networks and service centers abroad, creating the necessary infrastructure.
Impact on the Russian Market
Trends in the Chinese automotive industry are significantly impacting the Russian market:
More than 90% of cars imported into Russia come from China, making China a key player in the Russian automotive market.
Over the past two years, the electric ...
Why Russian Banks Sharply Cut Credit Card Issuance in 2024 and What It Means for Consumers
... experts and consumers. In this article, we analyze the reasons for this trend: from high interest rates and Central Bank restrictions to changing consumer preferences. Find out how this will affect the availability of loans, what consequences await the market, and what to expect in the coming months.
Why Russian Banks Sharply Reduced Credit Card Issuance in 2024 and What It Means for Consumers?
In January 2024, Russian banks significantly cut credit card issuance and reduced limits on new cards, marking a notable shift in the financial market. According ...