... Federation are influenced by external factors. The ruble remains under pressure due to potential new sanctions from the U.S. — if this threat materializes, a surge in volatility in the currency market and a decrease in risk appetite for local assets can be expected. The Central Bank of the Russian Federation published analytical materials earlier this week indicating a slowdown in inflation in July, signaling a possible pause in raising the key interest rate. This supports interest in bonds: OFZ yields continued to decline, and the state bond index RGBI stabilized near local maxima. Thus, several narratives are intertwining in ...

... other currencies, such as the euro and the yuan. 2. Inflation Risks Additional stimulus and support measures financed by borrowing can create inflationary pressure in the economy. Growing government debt and additional financing at high rates increase inflation expectations. If inflation rises, the Fed may be forced to raise interest rates further, which will further increase the cost of servicing the debt and reduce the availability of borrowed capital for businesses and consumers. 3. Budget Constraints and ...

... to Izvestia) were topics such as the compliance of oil companies with the Ministry of Energy's recommendations for gasoline shipments to the domestic market and stock exchange trading, the dynamics of retail prices until the end of 2025 considering expected inflation slowdown, the analysis of declining diesel fuel consumption in Russia, and the operation of the ban on gasoline exports. According to another source from Izvestia, it was noted at the meeting that Gazprom has restored the plant in Astrakhan,...

... gasoline and diesel prices in check until the end of the year, but a price surge may occur in early 2025 due to the lifting of the export embargo and the annual excise tax increase. Fuel prices at gas stations will continue to rise slowly, following inflation, according to Kotov. He believes that gas stations have returned to a "relatively normal" level of profit due to the drop in wholesale prices. Kaufman expects a slowdown in retail price growth as the wholesale market stabilizes. Mironyuk does not expect significant changes in price dynamics at gas stations. Vedomosti has sent a request to the Ministry of Energy. Translated using ChatGPT. ...

... issuers. Yield higher income (for example, 15–20%) and balance risk through creditworthy companies. 25% – Stocks. Funds are allocated between domestic "blue chips" (Sberbank, Norilsk Nickel, Yandex, etc.) and foreign assets through funds. Expected capital returns (price appreciation + dividends) can amount to around 10% per annum or more. 5% – Precious metals (gold). Acts as an inflation hedge: historically, gold prices have increased by several percentage points per year. 5% – Non-State Pension Provision (NPO). While the contribution does not yield profits, it provides tax advantages (13% refund on the amount contributed) ...