... billion rubles in H1 2025 compared to –623 billion rubles a year earlier. This indicates that the influence of non-core factors on financial results is still negative, but with less intensity by half. The volatility of this category remains high—changes in exchange rates or interest rates can noticeably affect Gazprom's financial results under RAS regardless of operating profit. For investors from the CIS, it is crucial to understand that such exchange rate and one-off items are largely paper-based: they reflect current ...

... However, post-ex-dividend, shares may adjust by the dividend amount. Friday, December 6, 2024, is packed with significant economic events that could substantially impact the Russian economy. Key events include: 1. RBI Interest Rate Decision (07:30 MSK) Changes in India's interest rate can affect borrowing costs and the country's investment appeal. For Russia, as a BRICS partner, this may influence bilateral trade and investment flows. 2. Germany's Industrial Production for October (10:00 MSK) Germany is Russia's leading European ...

... outlook for 2H2025 appears balanced overall. On one hand, a gradual easing of monetary policy may lead to moderate growth in interest income. On the other hand, lower rates could stimulate demand for loans and reduce pressure on borrowers, positively impacting asset quality and allowing for a ... ... profitable: investors receive both capital appreciation and a stable stream of dividends. Undoubtedly, risks remain – including changes in the regulatory environment or new economic shocks – but Sber's current resilience and efficiency provide grounds ...

... and macroeconomic conditions. Stablecoins serve as a bridge between traditional finance and the crypto market, meaning that changes in the global economic environment can impact the demand and stability of these assets. Below, we examine the main factors: ... ... the financial system (including the stability of dollar reserves) directly impacts USDC's ability to maintain its 1:1 exchange rate. 2. Global Interest Rates and Yields. The monetary policy of leading countries affects the appeal of stablecoins. In high interest rate environments ...

... paint a mixed picture: the US dollar has strengthened in previous years due to higher rates; however, by 2025, its growth has slowed. For the cryptocurrency market, periods... ... in 2024–2025. The macroeconomic environment in 2025 as a whole will likely sustain interest in USDT: while explosive growth in the cryptocurrency market, akin to the bullish... ... for digital dollars remains high due to liquidity needs and risk hedging. Regulatory Changes and Their Impact on USDT USA. Regulatory pressure on stablecoins has significantly...