... compressors and the expansion of the capacity of the Power of Siberia, which will enhance export volumes. Simultaneously, the company is developing the LNG direction: while the major contribution in 2025 remains modest for now, LNG sales in the global market could somewhat compensate for lost pipeline sales. Financial factors. Volatile items will still impact financial results. The ruble exchange rate remains a key risk: continued depreciation may, on one hand, increase ruble revenues (a plus for operating profit), but on the other, could again incite substantial ...

... mean for investors? Cherkizovo Group has published its financial results for 9M 2024, demonstrating significant growth in key indicators. Key financial indicators: Revenue: RUB 188.1 billion, an increase of 16.6% compared to the same period last year. Financial market Adjusted operating profit: RUB 15.3 billion, an increase of 56.5%. Adjusted EBITDA: RUB 22.2 billion, an increase of 39.4%. Net profit: RUB 9.8 billion, an increase of 28.3%. Analysis of indicators and their impact on the company: Revenue: Revenue ...

... control and investor protection. Despite varying reform paces, the overall trend is shifting towards legalization. The crypto industry is gradually emerging from the "gray zone" and gaining official recognition, which increases trust in the market from major financial players. Institutional and Corporate Investors in the Market Large institutional players continue to expand their presence in the crypto industry. Banks and investment firms are launching new products based on digital assets and offering clients ...

... trading of digital assets through clarifications, with clear registration requirements for companies, cryptocurrency custody, operations, and record-keeping. Accelerated Innovation Adoption. There is a need to expand the use of tools that allow promising financial products to reach the market more quickly—such as regulatory “sandboxes” for testing new services. This will allow innovative products to get to consumers without lengthy approvals, while still maintaining investor protection measures. Clear Rules for Banks. Regulators ...

... of rights to the company's assets, assess legal risks and identify possible lawsuits or claims. There are known cases in the Russian market where technology startups and fintech companies raised significant amounts, but due to the lack of available financial data and overly optimistic market forecasts, they did not live up to expectations. This is shown by examples of companies where investors lost significant amounts due to the lack of full transparency. Regulatory risks and their impact on pre-IPO companies In Russia, the legal framework ...