... demand, allowing for further policy easing. Yields on government bonds have declined, and the MOEX index remains around 2850 points. Lower rates support domestic demand companies, while commodity exports benefit from high energy prices. Despite ongoing sanction risks, market uncertainty has decreased – a more accommodative central bank policy and a stable ruble create conditions for economic revival in the second half of the year. Commodity Markets: Oil Balance and Gold Surge Oil is trading in a narrow range: Brent is holding around $68–69, slightly below early July levels. On one hand, expectations of a global economic slowdown and weak data from the U.S. and China are limiting crude demand. Some ...

... imbalance in the economy, when some industries do not receive sufficient support for development. This can restrain economic 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 exchange earnings. For many Russian companies, especially in the oil and gas sector, this has become a significant challenge. The fall in export revenues reduces the resource base for investment, which also limits the potential for economic growth. Implications for business and investment 1. Difficulty accessing finance ...

... years, leading to higher costs for imported goods and components. Rising Raw Material and Energy Prices Domestic prices for oil, gas, and electricity have increased, impacting the cost of goods and services. Changes in Tax Policy The introduction and ... ... goods. Global Economic Crises The crises of 2008, 2014, and 2020 contributed to ruble volatility and accelerated inflation. Sanctions and External Pressure Restrictions on the import of goods and technologies have increased production costs, especially ...

... of only moderate increases in raw material demand in the second half of the year. Many analysts remain cautious: estimates from several investment banks suggest Brent may end the year around $60 per barrel if the risks of weak demand re-emerge. Thus, oil prices are currently balancing between supporting factors (OPEC+ supply cuts and export limitations from some 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 price slightly retreated from peak levels by the end of the week. After a record surge in the first half of July (to approximately ...

... companies have released reports that do not inspire optimism among seasoned market players. It is noteworthy that the interest in stocks extends not only to foreign assets but also to Russian ones. For instance, the news that the U.S. intends to tighten sanctions on Iran and its oil triggered a surge in prices for Brent and WTI. Futures contracts have shown substantial growth. The interest in domestic oil inevitably leads to a stabilization of the national currency rate. This is a significant argument in favor of investing in ...