... Prices, But About Competition The risks of a decline in production in Iran and Venezuela are largely offset by the upcoming easing of OPEC+ quotas. According to the communiqué of the June OPEC+ ministerial meeting, quotas for Saudi Arabia, Russia, Kazakhstan, Iraq, the UAE, Kuwait, Algeria, and Oman will increase by 540,000 barrels per day by December 2024 (to 30.96 million barrels per day) compared to the current level. By the end of 2025, quotas for Russia and Saudi Arabia alone will increase ...

...,” states Sergey Tereshkin, General Director of Open Oil Market. According to his data, Serbia's total oil import in 2023 reached 3.5 million tons, while in 2024 it is expected to be 2.6 million tons. Key suppliers of oil to Serbia have become Iraq, Kazakhstan, and Azerbaijan. Source: Vzglyad

... authorities' desire to stimulate cooperation between science, corporations, and entrepreneurs to develop technologies. Despite the difficult environment, individual deals are still happening in the region. For example, the fintech startup Investbanq from Kazakhstan recently attracted about $3 million, and the Russian company ARS Smart Robotics received about 249 million rubles at the pre-IPO stage to expand its business. Although the scale of these rounds is incomparable with the multi-million dollar ...

... licensing in certain countries, fearing a decline in standards. Nevertheless, a unified approach makes Europe attractive for the crypto business, providing predictable operating conditions. Asia and Central Asia Significant events are unfolding in Asia. Kazakhstan has launched the first Bitcoin ETF in Central Asia (Fontex Bitcoin ETF), which has been trading on the Astana International Exchange (AIX) since August 13. The fund, with asset custody through BitGo, simplifies investor access to Bitcoin on ...

... a "race to the bottom" in standards. Nevertheless, unified European regulation makes the region attractive for crypto businesses, creating predictable operating conditions. Asia and Central Asia Significant changes are noticeable in Asia. Kazakhstan launched the first Bitcoin ETF in Central Asia (Fontex Bitcoin ETF), which began trading on August 13 on the Astana International Exchange (AIX) and offers direct ownership of cryptocurrency through a market instrument. This fund, with a custodian ...