... local outlet. He noted that the Istanbul Gas Index will be used at the trading center. “Now, when Russia sells its gas, it will say: ‘I am selling this gas based on the Istanbul Gas Index formula,’” added Bayraktar. He also mentioned that Russian President Vladimir Putin confirmed to Turkish President Recep Tayyip Erdoğan that he would instruct Gazprom on this matter. The idea of creating a gas hub in Turkey initially belonged to Russia and was announced by President Putin in 2022 ...

To achieve the targeted capitalization of the Russian stock market at 66% of GDP by 2030, it will be necessary to attract over 1.28 trillion rubles annually through IPOs. We analyze which sectors will become the drivers, which companies may go public, and what reforms are needed to boost the market....

... dropping by 6% to $73 by Monday, June 16. A renewed increase occurred on the evening of June 17 amidst news of a National Security Council meeting in Washington and threats from President Trump against Iran. According to Trading Economics, on June 13, Russian Urals crude peaked at $68.54 per barrel, a 6% increase over the day, but by June 17 the price had fallen by 2% to $66.98 per barrel. On the morning of June 18, oil prices hovered around $75-76 per barrel for Brent and $71 for Urals, still below ...

... and cause fluctuations in the currency markets. For Russia, this could be an opportunity to strengthen its international economic ties and reduce dependence on the dollar in trade relations. A weakening US currency could also have a positive effect on Russian export revenues, especially in the commodity sector. Other countries, especially those that hold significant dollar reserves, could also feel the effects of Trump's new measures. For example, China, as one of the largest holders of US debt, may ...

As winter approaches, Europe may face serious disruptions in gas supplies due to reduced imports of Russian pipeline gas and instability in global energy markets. How is the European Union preparing for these challenges? In this article, we look at the main causes of potential disruptions, the EU’s response to diversify supplies and create reserves,...