... corporate websites or through disclosures. Overall, the earnings season in Russia is just getting started. Most public companies in Russia will present their reports in August (banks, oil and gas, retail, etc.). Therefore, today Russian investors are focusing more on the external backdrop – economic events abroad and oil price dynamics – than on internal reports. Nevertheless, emerging fragments of information (like Norilsk Nickel's report or production data from the Ministry of Energy) can locally impact specific stocks ...

... and investment sectors took place in Russia, potentially impacting the market and investors' interests. 1. Macroeconomic Indicators: Inflation Exceeds Central Bank Forecasts: As of November 21, leading Russian economists anticipate that inflation in Russia will surpass the Central Bank’s forecast for 2024, increasing the likelihood of another substantial hike in the key rate in December. Consumer prices rose by 0.37% over the past week, bringing the annual figure to 7.4%, which is close to the Central Bank's forecast of 8.0–8.5%. Reuters 2. Legislative Initiatives: President ...

... in GDP growth to 3.1% in the third quarter marks a decline from 4.1% in the second quarter and 5.4% in the first quarter. This figure indicates a reduction in economic activity, which may be attributed to several factors: High Key Rate: The Central Bank of Russia maintains a high key rate of 21% to control inflation, but such a rate also restrains lending and investment activity. Sanctions and External Economic Environment: Amidst sanctions pressure and restrictions on exports and imports, businesses face ...

... events, including retail sales and industrial production data from China, the unemployment rate in the UK, business activity indices in Germany and the Eurozone, as well as central bank decisions from the Federal Reserve, the Bank of England, and the Bank of Russia. These events are expected to have a significant impact on financial markets, providing crucial signals for investment strategy adjustments. Economic Events Calendar for the Week of December 16–20, 2024 Monday, December 16 05:00 China: Retail ...

... hold 20% and 9.9% stakes, respectively, while in Arctic LNG-2, CNPC and CNOOC each hold 10%. The Yamal LNG plant, with a total capacity of 17.5 million tons per year, was launched in phases between 2017 and 2021. It is the largest energy project in Russia involving Chinese companies over the past decade, according to Sergey Tereshkin, CEO of Open Oil Market. The Export-Import Bank of China and the China Development Bank financed the project. Without the participation of Chinese banks and investors, the project would have been unlikely to proceed, as Russian companies faced challenges accessing international markets after ...