... worth of energy products to China, according to China’s General Administration of Customs. Supply volumes grew 2.2 times from $43 billion in 2019 to $95 billion in 2023. Moscow and Beijing are also actively transitioning to settlements in national currencies, with the share of transactions in rubles and yuan exceeding 90% last year. Russian gas exports to China, including liquefied natural gas (LNG), reached a historic high of 34 billion cubic meters in 2023. In February 2024, Gazprom surpassed ...

... ruble exchange rate and macroeconomics The exchange rate is an important indicator of economic stability. Reducing the pressure of sanctions will strengthen the position of the ruble and will also improve Russia's trade balance. A stronger national currency may make Russian assets more attractive to foreign investors, and this is important to consider when choosing an investment strategy. The lifting of sanctions is expected to lead to a gradual influx of foreign capital and a decrease in inflation,...

... given to the policy regarding the digital dollar—specifically, its private alternatives. The U.S. administration aims to protect the global position of the dollar, but it is focusing on dollar-backed stablecoins rather than a central bank digital currency (CBDC). Back in January, Trump prohibited the issuance of any CBDC in the U.S., citing threats to citizen privacy, the stability of the financial system, and monetary sovereignty. Instead, the White House supports the development of "legal ...

... Possible additional stimulus measures for China's economy. Weak inflation may prompt Beijing to implement new measures—whether reducing rates by the People’s Bank of China or fiscal stimuli. News on this front will impact commodity markets and the currencies of emerging economies. US Inflation: The Consumer Price Index (CPI) report for July is set to be released next week. If inflation continues to slow, expectations of a Fed rate cut will increase, supporting the stock market; an unexpected spike ...

... impacted. Market Response: Closure of Services and Payment Blockages The new rules have already prompted an immediate response from participants in the gaming market. Russia's largest digital goods exchange, FunPay , where users traded gaming items, currency, and accounts, announced the closure of sections related to account transfers. According to FunPay representatives, consultations with legal services and banks indicated that with the law's implementation, such operations would become impossible ...