π·πΊ The Attorney General Alexander Gutsan has proposed introducing a moratorium on business inspections in 2027 to support enterprises amid drone attacks, reports RBC correspondent.
π° The introduction of the digital ruble may result in banks losing up to 100 billion rubles in commission income annually, along with a potential outflow of 10% of their liabilities. The path to profitability is expected to be lengthy, especially for smaller credit institutions. Experts predict that in various scenarios, the digital ruble could account for 5% to 30% of cashless transactions within the next 5 to 7 years. For more details, visit β Πͺ.
π₯β΄οΈπΊπΈ Robinhood has surpassed Binance in the number of tokenized stock holders, reaching 862,800 compared to Binance's 827,200, making it the largest platform by this metric, according to Token Terminal. The Robinhood Chain network was launched by the brokerage on July 1 and is rapidly gaining popularity, setting records across various indicators.
π Indiaβs Services PMI for August has dropped to 54.1 from 57.4, indicating a slowdown in the sector. Meanwhile, the Composite PMI remains stable at 54.3, unchanged from previous months.
π·πΊ Selgidar has no plans to acquire new assets in the near future, according to the holding's president Alexander Khruzh, as reported by RIA.
π·πΊ A significant agreement was signed at the Eastern Economic Forum (EEF) for the establishment of a major manufacturing facility for complex semiconductors in Primorye, Russia. The collaboration involves the Ministry of Industry and Trade, the Ministry for the Development of the Russian Far East, the regional government, and the company "IKS Holding." This project aims to create the largest semiconductor production complex in the country. More details can be found here.
π·πΊ The largest Russian retailer, X5, has requested President Putin to repeal a key provision of the "On Trade" law, which prohibits networks from opening new stores after reaching a 25% market share in a municipality or region. Retailers argue that this change would ensure uninterrupted food supplies, currently threatened by attacks on logistics infrastructure. β Πͺ
π Russia has secured new technological partners for all 13 automobile plants abandoned by foreign manufacturers, while maintaining control over the assets with domestic beneficiaries. This development was announced by Kaliningrad Governor Anton Alikhanov.
π Following the latest earnings reports, shares have seen notable changes: NetApp (NTAP) dropped by 9%, Hewlett Packard (HPE) fell by 5%, C3ai (AI) decreased by 1%, and Barrick Gold (GOLD) saw a decline of 4%. In contrast, Snowflake (SNOW) surged by 23%, while Broadcom (AVGO) experienced a slight drop of 1%.
π·πΊ Three to four federal companies may soon enter the public market, according to Moiseev. He stated, βIn principle, there are not many left: I mention three or four companies where we have a stake that could potentially be reduced, allowing us to go public.β
π’ President Putin visited the shipbuilding complex "Zvezda", operated by Rosneft as the anchor customer.
"Zvezda" is the largest facility in the country and one of the most modern in the world, built from scratch in the post-Soviet era. The complex specializes in constructing large-capacity civilian vessels, icebreakers, and marine equipment, including drilling platforms for year-round operations in the Arctic.
"Zvezda" is the largest facility in the country and one of the most modern in the world, built from scratch in the post-Soviet era. The complex specializes in constructing large-capacity civilian vessels, icebreakers, and marine equipment, including drilling platforms for year-round operations in the Arctic.
π’ OPEC's role remains significant, with the organization expected to continue exerting considerable influence on global markets, according to Novak. RTRS previously reported that OPEC+ had lost its grip on the oil market following six months of conflict in Iran.
π’π·πΊ A new cut-off price of $50 per barrel for Russia's budget rule is under discussion, according to Energy Minister Alexander Novak. He stated that lowering the threshold is a sensible approach from a planning perspective. This move reflects the government's strategy to adapt to changing market conditions. For more details, visit here.
β οΈπ·πΊ The Russian Ministry of Finance will not sell shares of "Aeroflot" at "dumping prices," stated Deputy Finance Minister Alexey Moiseev in an interview with RBC. He argued that selling the state package at a price of 28 rubles per share, for instance, would be "illogical." Read more.
π₯ President Vladimir Putin praised the Zvezda Shipbuilding Complex, highlighting it as a remarkable example of high-tech modern production. He emphasized the facility's impressive capabilities, showcasing Russia's advancements in shipbuilding technology. For more information, visit Zvezda.
π¨ The Russian economy showed signs of recovery in August, as the Services PMI rose to 51, up from the previous 49. The Composite PMI also improved, reaching 50.6 compared to the earlier figure of 49.6. This indicates a positive shift in economic activity and sentiment.