... in recent times. In 2024, the industry experienced a notable uplift. The regulator issued a record number of new licenses to management companies, and the total number of management firms exceeded 300 by early 2025. By the end of 2024, the assets of Russian funds reached 24 trillion rubles. Closed-end funds (ZEPIFs) hold a significant market share, which wealthy investors use to manage capital domestically amidst closed foreign capital markets. The retail segment is also growing: the total assets of public funds surpassed 1.9 trillion rubles for the first time by the end of 2024 (+73% year-on-year). The most popular are money market ETFs that provide deposit-like returns with minimal risk. Nevertheless,...

... dependent on imports of coffee beans. Any fluctuations in production from the largest exporters are quickly reflected in the Russian market. In the context of a global shortage, importers are compelled to raise purchase prices, which inevitably leads ... ... Consumers Another price increase will significantly impact various segments of the coffee market in Russia. Consequences for Retail: price increases in stores will lead to a decrease in demand for premium varieties; consumers will more often choose cheaper ...

... Kong has introduced a mandatory licensing regime for cryptocurrency exchanges and is already issuing the first licenses for retail trading of digital assets; moreover, a comprehensive stablecoin law has been enacted (coming into effect in August 2025),... ... in digital currencies starting in 2026 (for individuals—100,000 rubles; for companies—700,000 rubles). Concurrently, the Russian regulator is promoting the implementation of the digital ruble (CBDC) and is discussing the limited use of private cryptocurrencies ...

... Kong has introduced a mandatory licensing regime for cryptocurrency exchanges and is already issuing the first licenses for retail trading of digital assets. A comprehensive stablecoin law has also been passed (effective August 2025), drawing new market ... ... 2026 (for individuals — starting from 100,000 rubles; for companies — starting from 700,000 rubles). At the same time, the Russian regulator is promoting the implementation of a digital ruble (CBDC) and discussing limited use of private cryptocurrencies ...

... goods and services. For Investors: Which Sectors May Suffer Sectors reliant on domestic demand and consumer spending, such as retail, automotive, and household goods, may encounter difficulties due to low credit availability and economic slowdown. Conversely,... ... Gazprom, and Norilsk Nickel, could be appealing for investments. Focus on High-Yield Bonds: Given the current key rate, the Russian Ministry of Finance issues federal loan bonds (OFZ) with attractive yields, which can be a good option for conservative ...