... regional startups are hitting new levels. For instance, the Krasnodar food tech project Qummy raised 440 million rubles at a valuation of approximately 2.4 billion rubles, preparing for an IPO — this case demonstrates the seriousness of technological business ambitions in Russian regions. In Kazakhstan, the state fund Qazaqstan Venture Group has been established with a volume of $1 billion to support AI startups and a new wave of tech projects. Additionally, in July 2025, the President of Russia signed a decree effectively softening restrictions for foreign investors: they are once again allowed to acquire shares in Russian companies and freely withdraw capital from the country. This move aims to stimulate international ...

... however, the impact of last year's high base and a slowdown in business activity in the second quarter limited total fee growth. Overall, the robust growth of interest income combined with stable fee income confirms the resilience of Sber's diversified business model. Operating Expenses Under Control Sber's management continues to keep expense growth in check, maintaining a high level of operational efficiency. For the first six months of 2025, operating expenses amounted to approximately 555 billion rubles, representing a 14-15% year-on-year increase. This increase in costs was partially driven by inflationary pressures (salary indexing and other items) as well as significant bank investments ...

... from Yandex N.V. by a consortium of private investors ($5.2 billion), a controlling buyout of "Acronis" holding ($4.0 billion), and the complete absorption of the mining company "Polymetal" (approximately $3.7 billion). In early 2025, Mikhail Friedman and Pyotr Aven sold 45% of "Alfa-Bank" to partner Andrey Kosogov for $1.75 billion, while the state corporation "Rostec" acquired the business quarter "Rostec-City" for approximately $0.82 billion. Traditionally, large institutional players and state funds are the main buyers in the Russian market. Interest in deals is shown by both private investors (private equity funds,...

... defense. Texas Instruments (TXN) – a leader in the semiconductor industry. Its financial results will serve as an indicator of the state of global electronics and demand for chips, particularly in automotive and industrial electronics. The semiconductor business is experiencing a cyclical downturn in 2025, so attention will focus on TI's commentary regarding inventory and demand in the second half of the year. Intel, another key player in the sector, is expected to report after the market closes, thereby placing the whole chip industry in the spotlight ...

... some regional startups are reaching new heights. For instance, the Krasnodar-based food tech project Qummy raised 440 million rubles at a valuation of ~2.4 billion rubles, preparing for an IPO—this case demonstrates the seriousness of technological business ambitions in the Russian regions. In Kazakhstan, a state fund called Qazaqstan Venture Group has been established, worth $1 billion, to support AI startups and a new wave of tech projects. Furthermore, in July 2025, the President of the Russian Federation signed a decree easing restrictions for foreign investors: they are once again allowed to acquire shares in Russian companies and freely withdraw capital from the country. This step is aimed at reviving international ...