In 2023, Slavneft allocated 98 billion rubles to develop key assets. The main investments were aimed at modernizing production capacities, including upgrading equipment and introducing advanced technologies at oil refineries. Particular attention was paid to environmental projects aimed at ...

... Russia and CIS: In Russia, a ban on the use of cryptocurrencies as a means of payment (in place since 2021) remains, with authorities planning to introduce heavy fines for transactions in digital currencies starting in 2026 (for individuals—100,000 rubles; for companies—700,000 rubles). Concurrently, the Russian regulator is promoting the implementation of the digital ruble (CBDC) and is discussing the limited use of private cryptocurrencies for foreign trade settlements, reflecting a cautious ...

... ban on the use of cryptocurrencies as a means of payment is still in effect (in place since 2021), and authorities plan to introduce significant fines for transactions in digital currencies starting in 2026 (for individuals — starting from 100,000 rubles; for companies — starting from 700,000 rubles). At the same time, the Russian regulator is promoting the implementation of a digital ruble (CBDC) and discussing limited use of private cryptocurrencies in foreign trade transactions, reflecting ...

... Gas Revenues in the Budget by the End of the Year," Sergey Tereshkin, founder and CEO of OPEN OIL MARKET, analyzes the dynamics of oil and gas revenues in Russia's federal budget for October 2024. He notes that revenues amounted to 1.2 trillion rubles, which is 55% higher than in September but 25% lower compared to October of last year. The main driver of revenue growth was an increase in collections under the Additional Income Tax (AIT), which reached 491.6 billion rubles in October. Tereshkin ...

... interest rate. The day's main intrigue for the Russian market. Following an unexpected 100 bps cut in June (to 20% per annum), most analysts anticipate another reduction of approximately 1 pp, to 19.00%. Inflation is slowing (to around 7–8% YoY), the ruble remains relatively strong, and weak domestic demand creates conditions for easing monetary policy. If the Central Bank of Russia meets expectations and lowers the rate, it could stimulate the growth of bond prices and stocks on the Moscow Exchange....