... shares of companies oriented towards domestic demand (banks, developers, retailers), due to the prospects of lower credit costs for the economy. Simultaneously, the commodity segment of the Russian market feels secure due to relatively high prices for oil and metals: although global quotes have corrected, they remain at comfortable levels for Russian exporters. Investors in the CIS region continue to monitor the external backdrop—sanction risks and commodity price dynamics remain key factors. Nevertheless,...

... The dynamics of gas prices in Europe at the beginning of 2025 were characterized by a relatively mild winter and high storage inventories, which kept export prices at moderate levels. However, Gazprom's direct exposure to the European spot market diminished ... ... decreased compared to previous years (especially in Europe), but cash revenues have only slightly increased due to price factors. Oil and gas condensate sales contributed relatively little. Revenue from oil sales rose to ~173 billion rubles (+6% year-on-year),...