... are strengthened. In such a scenario, the ruble will come under additional pressure. Key factors affecting the ruble to dollar exchange rate: Oil prices: Since Russia is a major energy exporter, lower oil prices or lower demand could weaken the ruble. Inflation in Russia: Domestic inflation at around 8.54% complicates the economic environment, making the ruble vulnerable. Geopolitical environment and sanctions: New sanctions or strengthening of existing ones could limit access to currency and increase pressure ...

... 5-5.8 million rubles in the coming years. However, trends will depend on several factors: Further development of preferential programs: Extending and expanding their conditions will help sustain demand. Changes in economic conditions: A decrease in inflation and stabilization of the ruble could modify the market situation. Increasing income levels: Rising real incomes in Russia may further enhance the affordability of country real estate. Commentary by Sergey Tereshkin, General Director of Open Oil Market “The increase in the average size of mortgage loans reflects structural changes in the country real estate market....

... the economic 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 ...

... 2025 results from several companies (e.g., TGC-1 and Safmar Financial Investments (SFIN) ). Completion of the tax period in Russia, which may impact export revenue sales volumes and the dynamics of the ruble exchange rate. Expectations for the upcoming meeting of the U.S. Federal Reserve ( Fed ) later in the week, shaping forecasts on interest rates and inflation. Global Markets: Investor Expectations and Forecasts As the new week begins, global financial markets exhibit cautious ...

... closely watch for trends in supply and demand. 19:00 (MSK): Russia – Consumer Price Index (CPI) for November While focused on Russia, this data will be relevant for global commodity markets as it signals potential changes in monetary policy affecting inflation-sensitive industries. 00:30 (MSK): Brazil – Central Bank Interest Rate Decision Investors ... ... policy stance as one of the leading emerging economies. Commentary will provide insights into how the country plans to manage inflation and economic growth. Impa ct on Europe and the United States Europe: OPEC’s report and EIA crude oil data will directly ...