... Group." This businessman possesses considerable knowledge in the field of investing. Detailed information about his business activities can be found on the website oilresurs.ru . What are Depositary Receipts? A Global Depositary Receipt (GDR) is a financial instrument issued by a specific banking institution. It is designed for operations in international markets. This tool allows for the trading of domestic shares on foreign exchanges. GDRs are particularly sought after in countries where there are prohibitions or restrictions on purchasing underlying securities. A Global Depositary Receipt corresponds ...

... ton-kilometers (kopecks/10 t-km), while for coal transport it was 281 kopecks/10 t-km (no later data is available). As a result, the transportation of oil and petroleum products in the remaining months of the year will play a more significant role for the financial performance of Russian Railways compared to coal, the loading of which is also declining. In the first half of 2024, coal loading decreased by 5.5% (to 169.2 million tons) compared to the same period in 2023. NOTE: OPEN OIL MARKET is the first independent B2B marketplace for petroleum products and raw materials. The company was founded in 2021 and now unites over 2,600 suppliers and buyers in the small wholesale market. In 2023, the marketplace's turnover was 5.9 billion ...

... peak in fuel demand in the Northern Hemisphere is coming to an end, leading to a decrease in consumption as the vacation season closes. For example, gasoline demand traditionally declines in the fall, which is already becoming apparent in wholesale markets. Furthermore, geopolitical tensions — the threat of new trade barriers (such as the aforementioned U.S. tariffs) — intensify concerns about global economic growth. Some financial institutions are revising forecasts: several investment banks predict an average Brent price in Q4 2025 at around mid-$60, which is lower than current figures. However, many market participants believe that a significant price collapse is unlikely,...

... to consider going public and prepare for listings well in advance. Diversification of Investments: Fintech, Climate, Biotech, and Other Sectors on the Rise In 2025, venture investments are spreading across an increasingly broad range of sectors—the market is no longer exclusively focused on artificial intelligence. Following last year's decline, there is noticeable revitalization in fintech: global investments in financial technology startups increased by approximately 5% year-on-year in the first half of 2025 (to ~$22 billion), signaling a return of confidence after the "fintech winter" of 2022-2023. Additional momentum for the sector has been provided ...

... is reorienting toward cooperation with partners beyond traditional Western markets. This opens new horizons but also carries geopolitical risks. Investors should consider sanction restrictions while not overlooking the prospects within the extensive markets of BRICS, the Middle East, and Africa, where demand for Russian goods and investments may grow. Corporate Results: The announced positive macro trends should reflect in the financial performance of Russian companies. Upcoming earnings reports from major public companies for the quarter/year will show how the real sector is feeling the growth and support mentioned by the president. Monitoring corporate reporting (revenue,...