... expand our workforce to handle the growing volume of work. New IT solutions helped us increase revenue: the company’s turnover in 2017 was 3.4 billion rubles, and in 2021, it reached 12.4 billion rubles. The profit growth enabled us to enter new markets. We now trade oil, petroleum products, petrochemicals, and grain both domestically and in the markets of the CIS countries and the EU. Sergey Tereshkin, CEO of "Oyl Resource Group" We are also developing a new informational product on the market—the ...

... Putin’s recent comments highlight both the challenges and opportunities ahead. While Russia does not seek to abandon the dollar, evolving U.S. policies are driving nations to consider alternatives. In this article, I, Sergey Tereshkin, CEO of Open Oil Market, delve into the implications of Putin’s statements and explore what these shifts could mean for international finance, BRICS cooperation, and economic resilience. The Future of the Dollar and the Prospect of a BRICS Currency: Insights from ...

... also impacting traditional businesses beyond the finance sector. An American electronics manufacturer has invested heavily in BNB tokens for its treasury, while a pharmaceutical company has invested in Litecoin. The British oil and gas firm Union Jack Oil plans to use excess gas for Bitcoin mining to monetize resources. Such steps legitimize cryptocurrencies in the eyes of traditional companies and create additional market demand. Market Prospects: Investor Expectations The beginning of August has been marked by relative calm in the cryptocurrency market, but ahead are a number of drivers capable of setting a new direction for trends. Analysts view the current pause ...

... 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 ...

... homebuilder will release its earnings. Analysts expect a 4.6% increase in revenue due to strong demand for luxury housing. However, the market will focus on guidance amidst rising interest rates. My Commentary on Monday’s Events As the founder of Open Oil Market, I believe that today's macroeconomic data reflects critical global economic trends. Japan’s GDP growth slowdown highlights ongoing challenges in Asia’s recovery, which could influence global trade dynamics. Meanwhile, China’s lower CPI signals ...