... such exchange rate and one-off items are largely paper-based: they reflect current revaluation and accounting rules rather than the movement of real money. Nevertheless, they impact reported net loss or profit and the amount of retained earnings, which depend on potential dividends. Profit Tax and Deferred Taxes: Impact on Net Result A significant role in Gazprom's final result was played by the profit tax—more precisely, its absence. For January–June 2025, the company reflected a positive balance ...

... Water Slows the Planet Why does the gigantic Three Gorges Dam influence the rotation of the Earth? The answer lies in the laws of physics – specifically in the conservation of angular momentum. The Earth spins like a top, and the speed of its rotation depends on the distribution of mass relative to its axis. If mass moves away from the axis – the rotation slows down (similar to a figure skater spreading their arms to slow down), if it moves closer – it speeds up. In the case of the Chinese megadam,...

... development and environmental protection. Impact on Investors: Revenue Growth: Investments in store expansion and modernization drive increases in sales and profits. Business Diversification: The development of online retail and financial services reduces dependence on traditional retail. Sustainable Development: Environmental initiatives and social responsibility enhance the company's appeal for long-term investments. Therefore, X5 Group's strategic investments are aimed at strengthening the company's ...

... investments in projects related to UMMC are associated with certain risks: Geopolitical instability: Sanctions and restrictions on foreign markets may complicate the export of products and affect the company's revenue. Price fluctuations for metals: Dependence on the global price of copper, zinc and rare earth metals may affect the company's profitability. Environmental requirements: Strengthening environmental regulations requires significant investments from the company, which may affect its operating ...

... million bpd in 2025. This is a realistic forecast, given that prices are significantly above the breakeven point for production at new shale fields in the U.S. ($45 per barrel, according to Rystad Energy estimates). Oil production in Russia will depend on the OPEC+ quota. According to the current terms of the deal, Russia's quota should increase from the current 8.98 million barrels per day to 9.45 million barrels per day (excluding gas condensate and light hydrocarbons, which are included in ...