... assets may be reassessed. Thus far, the tax maneuver allowed Gazprom to remain almost at a zero net profit in 2025, despite all challenges. Outlook for the Second Half of 2025 Given the results from the first six months, Gazprom's prospects for the second ... ... gas demand and potential price hikes. The European gas market, although not currently a primary market for Gazprom, influences global energy prices. If the winter of 2025/26 is cold, the price situation may improve and Gazprom could benefit from rising ...

... conditions for raw materials persist and no new negative shocks arise (for example, intensifying sanctions or sharp fluctuations in global markets), the Moscow Exchange Index may continue its gradual growth. Nonetheless, the strategies of many investors remain ... ... trigger increased investor interest in their stocks. Conversely, if the reports reveal profit declines or indicate potential challenges in the second half of the year, this could lead to price corrections. Overall, the current corporate reporting season ...

... on LNG technology supplies and sanctions against Arctic LNG). However, their efforts to curb Russian oil exports have faced challenges from the start. Perhaps initial decisions were made hastily, making them difficult to reverse. This doesn’t mean ... ... not only in Russia but also in Europe and the U.S. For over a year, Urals prices have been above $60 per barrel, influenced by global benchmarks and the discount for Russian oil. This discount, which peaked at $34 per barrel in March 2022, is currently ...

... production and capture 25% of the global LNG market are feasible even under ongoing strict sanctions. However, achieving these goals is unlikely to happen as quickly as initially planned. When could Russia increase its LNG production and exports, and what challenges must it overcome to do so? Despite sanctions pressure on its LNG industry, Russia could still claim a 20–25% share of the global market, but likely only after 2035. This conclusion was drawn by analysts at Kept. Russia had aimed to increase its global market share from 8% in 2023 to 20% by 2030—five years earlier than the revised timeline. To achieve this, the country ...

... margins will influence stock dynamics in the coming months. Russian Market: Company Reports and Dividends Strong results and local challenges: In Russia, several companies have reported robust results for the first half of the year. The chemical holding “PhosAgro” ... ... and how Beijing will respond. The escalation of trade disputes will reflect on high-tech companies, automotive sectors, and global industry. Chinese Policy: Possible additional stimulus measures for China's economy. Weak inflation may prompt Beijing ...