... Expenditures in other segments generally did not increase. Costs associated with rentals, processing, and other services remained close to last year's levels. Notably, some of Gazprom's business areas are still operationally unprofitable at the gross profit level: for example, transportation services for gas within the country (tariffs for independent producers) and deep gas processing operate in the red (their costs exceed revenues). Nonetheless, these areas are strategic and are subsidized by profits from core gas operations. Commercial and administrative expenses totaled around 763 billion rubles in H1 2025, showing little change from the previous year (~769 billion rubles in H1 2024). Commercial expenses (~682 ...

... Record funding rounds and new "unicorns." Unprecedented volumes of investment are driving startup valuations to peak levels, especially in the field of artificial intelligence. Return of mega funds and major investors. Leading players are forming ... ..., and even crypto startups, expanding market horizons. Wave of consolidation and M&A deals. Major mergers, acquisitions, and strategic investments are reshaping the industry's landscape, opening up new opportunities for exits and firm consolidation. Global ...

... traditional financial institutions for safe ways to interact with this new class of assets. London Stock Exchange Group (LSEG) made strategic investments in a digital asset trading platform. The owner of the London Stock Exchange acquired a stake in a crypto ... ... enthusiasts and specialized funds, players from Wall Street and international companies are now joining in. This forms a new level of legitimacy and will likely lead to further inflows of capital from adjacent sectors of the economy. Infrastructure and ...

... protecting container applications. What This Deal Means for the Market The deal between Solar Ventures and Luntry underscores the strategic importance of information security for the Russian economy and the development of promising startups related to digital ... ... become the foundation for the market's long-term sustainability. Solutions like those offered by Luntry provide protection at all levels of infrastructure, which is critically important for sectors such as banking, retail, and IT. The investment from Solar ...

... in the final stages of negotiations for a new round worth $3–5 billion, which could elevate its valuation to astronomical levels of $150–170 billion. Additionally, industry leader OpenAI raised approximately $8.3 billion in investments at a valuation ... ... 2025) was heavily oversubscribed, resulting in early investors facing dilution of their stakes as the company prioritized new strategic partners. Funding included contributions from both long-time partners and new major players. In particular, the Dragoneer ...