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What is devaluation in simple terms and how does it affect the Russian economy?
... the national currency weakens.
Diversification: Dividing assets between the ruble and other assets reduces the risks associated with sharp changes in the exchange rate.
The impact of devaluation on the economy and business: a view from the founder of Open Oil Market
Devaluation is a serious test for both businesses and ordinary citizens. As an entrepreneur, I understand that a weak ruble creates both new opportunities and risks. On the one hand, export companies can increase profits due to a weaker exchange ...
Forms of doing business and how to choose the right one
... proprietorships to corporate structures, I will cover all options and discuss their pros and cons. Whether you are just starting your business or are an experienced entrepreneur, my video will help you make an informed choice!
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BMW and Mercedes Could Return to Russia: What It Means for the Market and Investors?
... strengthen competition, support the restoration of the dealer network and services, and balance the supply structure within the market. However, significant political and economic risks remain that investors should consider.
Sergey Tereshkin, CEO of the
Open Oil Market marketplace for oil products and raw materials
, comments: "The decision to return major brands is an attempt to maintain their positions amidst growing competition from Chinese manufacturers. With government support and a stable trade policy,...
An expert suggested a way to stabilize fuel prices in Russia.
... read the full article.
MOSCOW, September 2 - RIA Novosti. Reducing oil producers' costs, including lowering Russian Railways' tariff rates, could lead to the stabilization of fuel prices, Sergey Tereshkin, CEO of the petroleum products marketplace Open Oil Market (a Skolkovo resident), told RIA Novosti.
The rise in retail fuel prices continues to slow down. According to Rosstat data, from August 20 to 26, gasoline prices rose by 0.2%, while diesel prices increased by 0.1%. This is lower than a month ...
Economic News August 2, 2025 — US Labor Market, Trade Truce, Amazon and Samsung Reports
On August 2, 2025, the labor market in the USA unexpectedly showcased significant changes, sparking discussions about ... ... year-on-year—significantly lower than the peaks of over 12% last winter. The slowdown in inflation has opened up space for easing monetary policy. The Bank of Russia, in its accompanying... ... commodity segment of the Russian market feels secure due to relatively high prices for oil and metals: although global quotes have corrected, they remain at comfortable levels...