Kirill Netkachev

Following Starmer's resignation in the United Kingdom, Andy Burnham is the likely next prime minister. He promises to 'get Britain off the hook' of government bonds, though the market itself barely noticed the change in power.

At a meeting with Sverdlovsk Governor Denis Pasler in Minsk on May 18, Alexander Lukashenko proposed to "lend a shoulder" to Russian oil refining through two modernized Belarusian refineries. The channel has actually been operating for two years, but its capacity amounts to roughly 1% of Russia's monthly gasoline consumption.

Poland's LOT is suing Boeing for concealing 737 MAX problems, yet continues buying these aircraft. We examine the paradox of duopoly in aviation, where alternatives don't exist and delivery queues stretch a decade out.

The Ministry of Industry and Trade has backed the introduction of a 22% VAT on foreign online orders starting January 1, 2027—with no phase-in period. Officially, the measure aims to create a "level playing field" for Russian and foreign sellers. In reality, it amounts to hidden protectionism.

Russia's insurance market reached a record 4 trillion rubles in 2025, yet its share of GDP remains 3-5 times lower than in OECD countries.

Hungary heads to the polls in two weeks in an election that will determine not only the country's political direction but its economic future as well. Let's examine the economic landscape Hungary brings to this moment and what could change.

Putin has signed the 2026 budget with public debt at 14% of GDP and social spending of 19 trillion rubles. A comparison with the budget crises in Germany, France, and the United States. Pension indexation, maternity capital, and support for special military operation participants.

An analysis of what's driving US diesel prices to their highest levels since January 2025. The role of sanctions against Russia, geopolitical risks surrounding Venezuela and Nigeria, dependence on oil imports, and the political risks for Trump.

How sanctions against Lukoil and Rosneft are reshaping the oil market: why the US isn't blocking supplies but reducing Russia's profitability. Analysis of the impact on prices, the role of India and China, and consequences for Russia's budget.

Salmon catches rose 44% in 2025, yet red caviar prices are barely budging. We break down why: from retail markups to climate risks. Plus, a price forecast for the New Year holidays.

FNEB expert Igor Yushkov explains why Europe will be forced to pay more for LNG than Asia following the ban on Russian gas from 2026. Forecast on prices and market volatility.

The EU is planning a ban on Russian nuclear fuel imports, but the transition will take 10 years and cost €4-6 billion. We examine Europe's technological dependence on Russian uranium and the consequences for energy prices.

Analysis of the 2026 budget draft: how reducing the deficit from 2.6% to 1.6% of GDP and stabilizing borrowing creates conditions for lowering the key rate and economic growth while maintaining low public debt.

Russia's non-alcoholic wine market is growing 60% annually, but high production costs and legislative barriers hinder development. Experts weigh in on technology, pricing, and the future of alcohol-free beverages.

The Finance Ministry is proposing to reduce the VAT-exempt simplified tax system threshold from 60 to 10 million rubles. We examine who will be affected by these changes, how to combat business fragmentation, and what alternatives entrepreneurs have.

An analysis of economic cooperation between Russia and Kyrgyzstan: trade turnover growth to $3.55 billion, shift to national currency settlements (92%), investments through RKFR ($835 million), and competition with China ($5.5 billion) and Turkey in the region.

Why gold has reached record prices: central bank purchases, Russian production, consumer demand, and expert forecasts. Analysis of overheating risks and prospects for growth to $5,000 per ounce.

Why Russia's economy has grown by just 37% over 34 years while China has increased its GDP thirteenfold. Academician Aganbeyan analyzes the innovation gap, investment challenges, and prescribes remedies for an economic breakthrough.

The number of lawsuits in shared construction reached 211,000 in 2023. We examine the reasons behind the surge in homebuyer claims, the scale of 'consumer extremism,' and measures to protect both developers and buyers.

Key agreements at EEF-2025: RusHydro to purchase 10+ million tons of coal, Rosatom to build wind and nuclear power plants in the Far East, Wildberries to invest 1.8 billion in Yakutsk. Sber forecasts 14% rate.