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.
π¨ Russian authorities are moving forward with an updated development strategy for the Far East until 2036, according to President Putin. He emphasized the need to eliminate bureaucratic barriers for businesses in the Far East and Arctic regions. Starting in 2027, a special legal regime for new technologies will be introduced in the Far East.
βοΈπ·πΊ President Vladimir Putin has announced the introduction of a unified preferential regime for businesses across the Far East and Arctic regions, effective January 1, 2027. This single support system aims to enhance business opportunities in these areas.
π₯π·πΊ The first oil from "Vostok Oil" will soon be delivered to consumers, announced President Putin.
π·πΊ Gref believes that the Central Bank of Russia has room to further lower the key interest rate, despite rising inflation. He attributes the inflation increase to a supply shock caused by the loss of capacities due to drone attacks, rather than a demand surge, suggesting that it does not require a response through monetary policy. β Vedomosti