... and businesses. In this article, we examine how this may affect investment flows, the development of international trade and tourist flows. Expanding Business Opportunities: Mir Cards to Operate in Iran Starting January 2025 Starting January 2025, Russian Mir banking cards will become available for use in Iran, opening new prospects for businesses and investors in both countries, according to analysts. This announcement, made by the head of Iran's Central Bank, marks a significant step in strengthening financial ...

... dependence on foreign supplies in the medical field. Renewal of financial services cooperation with India: India, in an effort to strengthen trade ties and increase trade turnover, has agreed to partially lift restrictions on banking operations. This allows Russian banks to participate more actively in Indian financial markets and provides an opportunity for easier transactions between the countries, which in turn stimulates mutual exports and imports. Permission for Iranian payment systems in Russia: The first ...

... pressures likely prompting ECB rate hikes which can strengthen EUR against RUB affecting import prices. 5. EIA Oil Inventory Data (18:30 MSK): Changes here directly influence global oil prices—declines typically boost prices beneficially impacting Russian oil revenues while increases can have adverse effects. 6. Central Bank Leaders' Speeches: Comments from key central bank leaders regarding monetary policy can sway currency valuations—Powell’s remarks may influence USD/RUB dynamics while Lagarde’s statements impact EUR/RUB relationships. 7. Publication of Fed's ...

... that banks will be required to keep a portion of their funds in reserve, ensuring stability in their operations amid any macroeconomic changes. Why is the Central Bank Introducing the Countercyclical Capital Buffer? Rising Credit Risk. In recent years, Russian banks have demonstrated high activity in the lending sector, which has increased the risks of overheating. Elevated levels of credit issuance can lead to the emergence of problem loans, especially if economic conditions change. Need for Capital Accumulation....

This week’s economic calendar offers a comprehensive overview of critical global and Russian financial events, including influential economic data releases, central bank speeches, and major earnings reports from both U.S. and Russian companies. With the G20 Summit, inflation data from major economies, and several high-impact earnings reports on the horizon, traders will have ample opportunities to make informed market moves. Keep an eye on key metrics from the ECB, Federal ...