... growing optimism among European investors. Overall, macroeconomic trends suggest cautious 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 ...

... of customers. 4. Risks High Competition: The retail segment in Russia is characterized by high competitive saturation. Economic Challenges: Declining purchasing power and rising inflation may affect demand. Magnit continues to successfully adapt to market challenges by developing new lines of business and strengthening its positions. The company demonstrates a strategic approach to growth, paying attention to both traditional retail and e-commerce. Its investments in network development, store modernization, and support for domestic producers not only contribute to economic growth but also improve access to goods for millions of ...

... potential supply disruptions due to escalating sanctions: ironically, the tariffs imposed by Trump against India have pushed oil prices upward, as traders anticipate a reallocation of flows and additional supply risks. However, the potential for price growth remains limited. One reason is the proactive policy of OPEC+, which the market has already factored in: the alliance of oil-producing countries agreed to increase production starting in September, and the expectation of additional volumes is moderately cooling the situation. Furthermore, concerns regarding a slowdown in the ...

... primary sales channel for AI-98 consists of direct shipments from refineries to oil depots and gas stations, bypassing the exchange. This leads to lower competition in the AI-98 distribution chain compared to AI-92, contributing to the accelerated price growth. According to analysts at OPEN OIL MARKET, the risks of price increases could be mitigated by boosting production of petroleum products. However, this is challenging due to sanctions on equipment supplies for refineries. As a result, by the end of 2024, the difference in price growth ...

... companies; Through secondary sanctions that hinder Russia's cooperation with third countries. Therefore, even if some restrictions are eased, it is unlikely to result in a full restoration of previous economic relations. What Does This Mean for Investors? 1. Growth of the Domestic Market Sanctions have forced Russian businesses to focus on the domestic market, creating new opportunities in areas such as: Manufacturing and Industry; Technology and IT; Logistics and Transport; Energy and Mining. 2. Potential for Import Substitution ...