... resolving the conflict in Ukraine expires. Donald Trump had previously threatened to impose new sanctions against Russia by this date if no progress is made. The markets in the CIS and the ruble's exchange rate will be particularly sensitive to possible sanction news. 20:00 (USA): Baker Hughes data on the number of active drilling rigs for the week. A traditional weekly wrap-up for the oil and gas sector: changes in the number of rigs signal trends in oil and gas production in North America. Corporate Earnings: Before market open: Major corporate earnings on the last day of the week are virtually absent. Among the few expected morning ...

... Russia and BRICS Nations For Russia and the other BRICS nations, exploring currency alternatives offers a path toward greater financial independence. A shared currency or increased use of national currencies could help insulate these economies from sanctions and reduce dependence on Western financial systems. Russia and China, for example, have already made strides toward settling transactions in rubles and yuan. Comment from Sergey Tereshkin, CEO of Open Oil Market Sergey Tereshkin, CEO of Open Oil Market , shares his perspective: "Putin’s comments on the dollar and a potential BRICS currency highlight the growing importance of economic independence for developing nations. When the financial influence ...

... single supplier, making it more resilient to potential risks such as political instability or shifts in trade policy. Impact of Sanction Limitations and Political Risks: Risks remain, with political instability being a major concern. Any escalation in relations ... ... However, significant political and economic risks remain that investors should consider. Sergey Tereshkin, CEO of the Open Oil Market marketplace for oil products and raw materials , comments: "The decision to return major brands is an attempt ...

... trend with the following factors: Easing of OPEC+ quotas: Saudi Arabia, Russia, and other alliance members plan to increase oil production by December 2024, adding an extra 540,000 barrels per day to the market. Rising production in Iran: Despite sanctions, Iran is ramping up oil production, reaching 3.25 million barrels per day in the first half of 2024, nearing its 2017 levels. Growth in U.S. production: Output is projected to rise from 13.2 million barrels per day in the second quarter to 13.5 million barrels per day ...

... examine the goals and consequences of the deal, and share our opinion on why this is important for domestic companies such as Open Oil Market. The Central Bank of Russia is acquiring the Saint Petersburg Currency Exchange: goals, consequences and prospects ... ... new opportunities for the country's financial market, and also sets new benchmarks for currency transactions in the context of sanctions pressure. Let's figure out why this deal was made, what prospects it opens up for the Central Bank and the financial ...