... Increased demand: If people start spending more than usual, this stimulates companies to increase prices for popular goods and services. Currency exchange rate changes: This is especially significant for Russia, as many goods are imported. A decline in the ruble's exchange rate leads to higher costs for imported goods, which also raises the overall price level. Current Inflation Situation in Russia In 2024, inflation remains a critical topic in Russia. Key factors include: Rising prices of goods and services. Recent months ...

... Improving Living Conditions According to a study by CIAN, the average rent for a two-room apartment in Moscow in 2024 reached 65,000 rubles per month, nearly 20% higher than the previous year. Considering that monthly mortgage payments can be comparable to or ... ... popular asset, protecting capital from inflation, which particularly attracts investors during periods of unstable currency exchange rates and heightened inflation. My Comment as the Founder of Open Oil Market "As the founder of Open Oil Market, I see that ...

... optimism: global inflationary pressure is gradually easing, and business sentiment is improving. If these positive trends persist, analysts’ forecasts for economic growth and business profits could improve, leading to stronger confidence in the markets. Ruble Exchange Rate and Currency Market Dynamics At the beginning of August, the domestic currency market in Russia is facing the weakening of one of the factors that supported the ruble: the July tax period has ended, during which exporters traditionally sold foreign ...

... Expected change: +9.7%. Nordson Corp (NDSN): report at 00:30 MSK. Expected change: +1.9%. Thursday, December 12 Russia: Trade Balance (October) (16:00 MSK) Data shows the difference between exports and imports. The trade balance plays a key role in ruble exchange rate dynamics. Eurozone: European Central Bank Rate Decision (16:15 MSK) A key event for the currency market and debt instruments. Expectations concern signals about continuing or changing the monetary policy course. US: Producer Price Index (November) ...

... from ~78.9 ₽ the previous week). The decline in yields on ruble-denominated assets made them less attractive; additionally, importers are ramping up their purchases of foreign currency as imports of goods recover – both factors are weighing on the ruble. However, sharp declines in the exchange rate did not occur: partly due to the fact that the markets had anticipated this step. Other currencies from the CIS countries also demonstrated a downward trend over the week, reflecting both the dollar's strengthening in the global market and individual ...