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What is the Central Bank's key rate, in simple terms?
... to support businesses and the population. This makes loans more accessible and helps to restore the economy faster.
How often does the key rate change?
The Central Bank reviews the key rate regularly, depending on the current economic situation. In Russia, such meetings are usually held several times a year, but in conditions of economic instability, changes can occur more often. At each meeting, experts assess the state of the economy, the level of inflation, employment and other factors to decide ...
The government has extended the ban on gasoline exports until the end of the year.
... refineries by Ukrainian drones since the beginning of 2024, the Ministry reported in July that the volume of fuel production was sufficient to meet demand. At the end of July, Deputy Minister Pavel Sorokin reassured that the situation with fuel production in Russia was stable, with the expected resumption of two refineries focused on producing AI-95 gasoline. In early August, the Ministry again reported sufficient supply and noted that gasoline shipments to the domestic market were 5% higher than last year,...
Sequoia Capital: Leading Venture Capital Firm in Silicon Valley
Sequoia Capital is one of the most influential venture capital funds in the world, having backed many famous tech companies such as Apple, Google, and WhatsApp (owned by Meta, banned in Russia). In this article, we will look at the fund’s history, its investment strategies, startup selection criteria, and examples of successful and unsuccessful deals. Find out how Sequoia Capital helps startups grow and change entire industries by ...
VC.RU: "Why the Oil Market Has No Future Without Digitalization"
... multi-step accreditation system, which we initially implemented before even planning the marketplace, has been particularly useful. When placing an order, buyers can review information about the seller.
Currently, we work with refineries in Central Russia, but in the new year, we plan to significantly expand our geography and involve several vertically integrated oil companies.
For sellers, working with the marketplace is also beneficial. With fewer intermediaries, they can sell their products ...
Forbes: "Oil Resource Group": A New Level of Buying and Selling Petroleum Products
..., lawyer, etc. On the "ORG-Market" platform, most of these functions are "built into" the software through algorithms.
— What is the geographic coverage of the platform?
— Currently, it covers several regions of Central Russia. We are now negotiating with several vertically integrated oil companies to involve them in the platform’s work alongside independent companies. By reducing the number of intermediaries, these companies will be able to sell their products for ...