... growth, since investments in infrastructure and social projects are postponed until a later date. Decrease in export revenues Sanctions and restrictions on world markets have affected the volume of Russian exports, which has reduced the inflow of foreign ... ... difficult to implement large projects. On the other hand, the economic slowdown provides an opportunity to focus on increasing internal efficiency and improving operational activities. For example, we are actively working to optimize internal processes ...

... rapid increase in prices for gasoline and diesel fuel. In July, exchange prices for automotive gasoline at the Saint Petersburg International Commodity and Raw Materials Exchange peaked (Grade AI-95 exceeded 75,000 rubles/ton), putting additional pressure ... ... of Russian companies remain near historic highs, with the coal sector actively reorienting toward Asian markets in light of sanctions. The government supports exporters by developing port infrastructure in the Far East and subsidizing railway transport ...

... and neighboring countries to develop their own startup ecosystems, aligned with global venture trends. At the St. Petersburg International Economic Forum (SPIEF-2025), a new venture fund from PSB Bank was announced in partnership with others (target amount ... ... 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....

... own startup ecosystems in line with global trends. A new venture fund from PSB Bank was announced during the St. Petersburg International Economic Forum (SPIEF 2025), with a target size of around 12 billion rubles, aimed at supporting dual-use projects ... ... example, the venture firm Kama Flow launched a new fund worth 10 billion rubles for investments in mature startups. Even amidst sanctions, the market is seeking ways to finance priority technologies and aims to nurture its own successful "unicorns." ...

... countries) and pressure factors (economic slowdown and potential increases in non-OPEC supplies, for example, in the event of sanctions relief). The precious metals market continues to show high activity. Gold remains near historical highs, although its ... ... ¥148 per $1 – the lowest level for the yen in recent years. The pressure on the Japanese currency stems from a combination of internal and external factors: political uncertainty ahead of elections, chronically low inflation, and expectations that the ...