... rates. Expensive ruble-denominated debt diminishes the investment appeal of projects: high borrowing costs reduce transaction profitability. At the same time, currency restrictions and difficulties in repatriating profits continue to undermine market liquidity. The abrupt tightening of monetary policy has devalued a portion of assets, and heightened risks along with the burden on banks' balance sheets, including funds accumulated by foreign companies, have created additional pressure on business valuations....

... safety cushion. The federal budget deficit for January-October 2024 was 220 billion rubles, and by the end of the year, it is expected to grow to 3.3 trillion rubles. With high debt market rates, almost all of this gap will need to be financed from the liquid portion of the National Wealth Fund (NWF), which by the end of the year will have less than 3 trillion rubles left. The "half-and-half" damper Therefore, the Ministry of Finance plans to differentiate payments between the gasoline ...

... reliably with fiat accounts, reducing operational risks. Traditional banks, in turn, will receive clear guidelines from regulators on how to safely interact with the crypto sector. This symbiosis of classic finance and crypto assets will enhance market liquidity and open doors for new major players. Of course, banking supervision will need to develop specific risk management requirements—from volatility to cybersecurity—so that integration occurs without shocks to the financial system. Decentralized ...

... hints about future steps – whether it signifies a resumption of rate hikes in response to inflation spikes or a move towards easing policies to support the economy – can significantly affect market sentiments. Fed policy directly influences global liquidity and risk appetite: a more hawkish tone dampens interest in riskier assets, while signals of easing support equity markets, particularly in emerging economies. Consequently, in the CIS countries, decisions and forecasts from the Fed are closely ...

... is preparing to sign executive orders prohibiting banks from "debanking" crypto firms and allowing the inclusion of crypto assets (such as Bitcoin) in 401(k) retirement plans. Simultaneously, the SEC has stated that certain forms of "liquid staking" do not fall under securities laws, partially removing regulatory uncertainty. These measures demonstrate the US's desire to support innovation while maintaining risk control. Hong Kong : As of August 1, mandatory licensing for stablecoin ...