Category: Analysis

On October 23, the Bank of Russia maintained its key rate at 14%, pausing for the second consecutive time after ten previous cuts. The forecast came as a surprise: the average rate in 2027 is now projected at 12.5–13.5%, up from 10.5–12.5% in July. We delve into why the regulator is extending its tight money policy throughout the next year.

The IEA does not expect the return of Russian diesel to significantly ease the global fuel market. The obstacle is not sanctions, which the US partially lifted last week, but damaged refineries.

The WTO Director-General has called for diversifying supply chains amid growing fragmentation of global trade. Financial University Professor Alexey Kharlamov explains why the organization's capabilities are limited: protectionism, politicization of decisions, and the crisis in dispute resolution mechanisms are undermining the WTO's influence.

We examine why price spikes for basic goods hit the poorest families hardest, what different inflation-control measures cost governments, and why some subsidy funds intended for producers end up going to foreign buyers.

Moscow hosted the TechnoScience Educational Forum with BRICS countries participating. We review the outcomes and explore how to connect education, employers, and technology projects into a unified talent system.

Why the global sugar market may face a deficit in the new season after the 2025/26 surplus, how weather patterns, El Niño, and competition from ethanol production are affecting supply, and what cushion remains for the world's largest producers.

Starting October 1, utility tariffs will rise 8–22% depending on the region. By 2030, 4.5 trillion rubles will be allocated to modernize over 18,000 facilities and 140,000 km of networks, though the State Duma estimated the need at 10 trillion. In Tatarstan, a third of networks (9,000 km out of 27,000) require replacement at a cost of 200–300 billion rubles. The Federal Antimonopoly Service has removed 51 billion rubles in unjustified expenses from 2025 tariffs.

The Fed has raised rates to 3.75–4%. U.S. budget interest expenses will exceed $1 trillion in 2026. An analysis of the impact on government debt refinancing.

The federal budget deficit for 2027 may rise from the planned 1.5% to 2% of GDP. Experts assess the outlook for oil and gas revenues, tax income, financing options through OFZ bonds and the National Wealth Fund, as well as the impact of fiscal policy on the Central Bank's key rate decisions.

Trump has signed legislation imposing secondary sanctions: tariffs of up to 100% on goods from countries that import Russian oil and gas. How this will affect China and India.

Analysis of the private fund market: 570 structures, 100 million ruble threshold, differences from wills. How asset transfer to heirs works and what gaps exist in practice.

The Central Bank has halted its key rate cuts at 14% amid accelerating inflation of 5-6%. We examine how rising fuel prices, the budget deficit, and lending activity are shaping monetary policy.