... "Individual Investment Account" became accessible to Russian citizens. This account not only allows individuals to increase their capital but also offers a tax deduction of 13% on the deposited amount. Additionally, investors may be exempt from paying income tax on earnings generated from their financial activities. This account serves as an equivalent to the UK’s Individual Savings Account, which has been utilized for over a decade and has proven to be effective among users. In both cases, the program ...

... real yields—historically, the purchasing power of ruble deposits has declined. For instance, over the last decade, real income for deposit holders has decreased by almost 18%. Taxation. Starting in 2024, interest on deposits is subject to personal income tax (PIT) of 13% above a tax-exempt threshold. This threshold equals 1 million ₽ multiplied by the maximum key rate for the year. With a key rate of approximately 15%, this translates to about 150,000 ₽ in annual deposit income. Therefore, if total ...

... distributed among shareholders, maintaining the attractiveness of the bank's shares for long-term investors. The slight slowdown in the growth rate of net profit can be primarily attributed to increased expenses – particularly the rise in provisions and tax contributions – which partially offset the strong growth in operating income. High Capital Profitability The bank maintains an impressive return on equity at around 23–24%. For 1H2025, ROE stood at 23.7%, only slightly differing from last year’s level, remaining one of the best indicators in the banking sector. This ...

... companies (though in terms of unicorn numbers, they lag behind larger countries, the quality of conditions is excellent). A high income level (as seen in the U.S. and Western Europe) translates into purchasing power for technological innovations—this facilitates ... ... capital, vast domestic market, top hubs (Silicon Valley, New York), developed startup infrastructure. High competition and high tax burden, but an unparalleled culture of innovation and access to capital. China 302 The world's second-largest economy: a massive ...

... current trends and network with potential partners and investors. Open Oil Market — Skolkovo Resident My company Open Oil Market is a resident of Skolkovo and enjoys all tax benefits provided by the center. As a result, we are exempt from corporate income tax, property tax, and VAT on certain goods and services. This allows us to significantly reduce costs and allocate more resources to develop and scale our business. Additionally, resident status gives us access to grants for research and development,...