... products. The rise in prices of imported goods automatically drives up the overall price level in the economy. Negative external factors. Supply shocks (global increases in oil prices, food prices, and other resources), as well as logistical issues or sanctions, can trigger accelerated inflation, even if the domestic situation is relatively stable. Inflation expectations. If the population and businesses are confident in further price increases, they tend to spend money faster or negotiate higher wages....

... Russian traders may see Western earnings reports influence Russian indices, especially in the technology sector. Positive reports could support Russian tech stocks and market sentiment. Recommendations for Russian Traders Track G20 News: Comments on sanctions, global markets, and energy policy may immediately impact the ruble and Russian stocks, especially in the energy sector. Follow Central Bank Speeches: Pay attention to statements from Fed and ECB representatives. Key signals about monetary tightening ...

... Diversification is possible through foreign assets: foreign ETFs, bonds, stocks. They provide access to global markets and other currencies. However, such investments carry currency risk (fluctuations in the ruble exchange rate) and may be subject to sanction restrictions. Income from foreign dividends/coupons is also taxed at a PIT rate of 13%. Risks, Profitability, and Taxation Profitability: Short-term ruble investments typically yield around 15-20% annually. For example, deposits and OFZ yield ...

... pressure. Conversely, modest interventions or a pause could give the market a breather. The external backdrop remains crucial: an improvement in risk appetite in global markets could strengthen the ruble and other emerging market currencies, while new sanctions threats or a flight to safety could negatively impact it. Russian Stock Market: Outlook The Moscow Exchange Index is holding near local highs, demonstrating resilience due to high commodity prices and strong earnings reports from several companies....

... market. Russia and the CIS: Local Trends Against the Background of a Global Rise Against the backdrop of a global venture boom, Russia and neighboring countries are developing their own startup ecosystem dynamics. Limited access to Western capital and sanctions barriers are holding back the inflow of investment, but government agencies and local businesses are looking for new ways to support innovation. At the St. Petersburg International Economic Forum (SPIEF-2025), a special "Innovation Territory" ...