... others (target amount – 12 billion rubles) to invest in dual-use projects (drones, AI, robotics, and other high-tech areas). Besides government institutions, private players have started to show activity: for example, venture firm Kama Flow launched a new fund of 10 billion rubles for investments in mature startups. Even under sanctions, the market is seeking opportunities to fund priority technologies and is striving to cultivate its own successful "unicorns." Simultaneously, some regional startups are reaching new heights. For instance, the Krasnodar foodtech project ...

... market. Russia and the CIS: Local Trends Against the Background of a Global Rise Against the backdrop of a global venture boom, Russia and neighboring countries are developing their own startup ecosystem dynamics. Limited access to Western capital and sanctions barriers are holding back the inflow of investment, but government agencies and local businesses are looking for new ways to support innovation. At the St. Petersburg International Economic Forum (SPIEF-2025), a special "Innovation Territory" was organized for the first time, where startups in which the Roscongress Foundation invested together with private ...

... Catastrophic Scenario If Moldova and Transnistria are unable to receive Russian gas from any source—neither via Ukraine nor the TurkStream pipeline—they face a severe crisis. This could occur if sanctions against Gazprombank are strictly enforced or if new U.S. sanctions are imposed. A broader European gas deficit and rising prices would ensue, according to Igor Yushkov, an expert from the National Energy Security Fund and the Financial University under the Government of Russia. Even if Moldova secures alternative ...

... conclusions, increasing the risk of mispricing. Macroeconomic and regulatory risks. The state of the economy and the overall condition of the stock market influence the attractiveness of IPOs. In Russia, specific factors apply: currency fluctuations, sanctions, changes in investment legislation. Changes in key interest rates or new regulations can sharply adjust return expectations. Restrictions for non-qualified investors. Without qualified status, an individual can invest only a limited amount (typically up to several hundred thousand rubles) and only after undergoing special ...

... flow into European countries with advanced LNG infrastructure, such as Spain, the United Kingdom, and the Netherlands. While EU sanctions have reduced the presence of Russian LNG, total elimination remains challenging. Russian companies possess substantial ... ... in its processing and reception facilities. To significantly increase U.S. imports, Europe would require major upgrades and new terminal constructions. Cost Considerations: U.S. LNG tends to be more expensive due to higher liquefaction and transatlantic ...