... capitalization is concentrated in traditional sectors – oil and gas, metals, and the banking sector. The low presence of IT, small business, and innovative companies in the market diminishes its appeal as a source of long-term investments. For private and institutional ... ... delay IPOs. Regulatory Barriers. Political and sanction pressures have complicated the return of foreign investments to the Russian market. While attracting foreign capital is not the focus of plans, the lack of international financing creates a greater ...

... for the sector was the change in electricity tariffs. As of July 1, 2025, a planned annual price indexation for consumers and businesses was conducted: electricity tariffs (as well as housing and utilities) were raised by an average of 11-12% across the ... ... supply sources. China is increasing oil imports from Middle Eastern and African countries, as well as boosting purchases of Russian crude, taking advantage of price discounts on Urals grade. A similar picture is observed with natural gas: significant ...

... venture ecosystem largely depends on the environment created around startups. In different countries, the government and big business create programs that help young projects and encourage investors to invest in them. Russia is no exception: in recent ... ... initiatives have emerged – both public and private – aimed at the growth of technology companies. Government programs and funds: Russian Venture Company (RVC). Created with the participation of the government, RVC acts as a fund of funds: it invests in venture ...

... inflation continues to slow, the regulator may continue its easing cycle to support economic activity. Corporate reports from Russian companies reflect the challenging situation in the economy in the wake of the previous tight monetary policy. For instance,... ... of the largest public companies serve as important benchmarks for the market. Recent reports provide a diverse picture: some businesses are growing confidently, while others are facing challenges. Below are key highlights from reports of companies across ...

... projects aimed at domestic demand and import substitution persists. For venture investors from the CIS, the current global upturn represents a chance to enter new markets: despite restrictions, it is possible to attract international partners, register businesses in friendly jurisdictions, and offer products globally. Experience shows that strong teams from our region can gain recognition abroad—there are already several startups founded by Russian/CIS expatriates that have achieved unicorn status abroad. Consequently, the venture ecosystem in CIS countries is developing according to a "catch-up growth" model: adopting the best global practices, local players are focusing on niches ...