... currency reserves. A positive trade balance continues to support the national currency. Main Risks for the Ruble Despite moderate predictions, analysts highlight several risk factors that may exert pressure on the ruble: Sanctions: Potential tightening of restrictions related to oil and gas exports, as well as Russian banks' access to international settlements. Federal Reserve Rates: An increase in interest rates by the U.S. Federal Reserve could intensify capital outflow from emerging markets, including Russia. Oil Prices: Fluctuations ...

... Russia): The publication of Russia's external trade balance for June will be released. Previous months showed a reduction in the trade balance surplus compared to previous years, although it remains substantial. New figures will reflect the situation with exports and imports amid sanctions and price restrictions on raw materials. It is expected that Russia will maintain a trade surplus thanks to energy exports; however, its size may have decreased due to falling oil prices and reduced physical sales volumes. Investors will assess this data in the ...

... profit forecast estimates. In early July, Samsung warned of a sharp decline in operating profit for Q2 (~–56% YoY), significantly worse than analysts' expectations. The company attributed the decline to weak demand for memory chips and the effect of US export restrictions on the supply of high-performance chips to China. This signal from the world's largest chip manufacturer has intensified concerns regarding the Asian technology sector. Following such a warning, Samsung's shares have been under pressure, ...

... barrels, which is 230,000 barrels above its OPEC+ target. This rise could present additional market opportunities for Russian exporters, particularly in Europe, despite OPEC+ guidelines. Meanwhile, OPEC+ collectively reduced oil production by 320,000 barrels ... ... is the IEA’s projection of an oil surplus of around 1 million barrels per day in 2025, even if OPEC+ maintains its current restrictions. This forecast may shape future investment decisions, as an oversupply scenario could place downward pressure on ...

... structure create an imbalance in the economy, when some industries do not receive sufficient support for development. This can restrain economic growth, since investments in infrastructure and social projects are postponed until a later date. Decrease in export revenues Sanctions and restrictions on world markets have affected the volume of Russian exports, which has reduced the inflow of foreign exchange earnings. For many Russian companies, especially in the oil and gas sector, this has become a significant challenge. The fall in ...