Category: Analysis

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.

Tourist tax revenues increased 2.5-fold to 7 billion rubles. The Russian Union of Travel Industry proposes making tourists the payers, introducing a fixed rate instead of a percentage-based one, and offering investment deductions for hotels.

By 2036, the U.S. will spend 18% of its budget on debt interest payments. How refinancing amid high rates is constraining policy space in developed economies.

How student loans work in the US and Russia: debt volumes, interest rates, tuition costs, and repayment terms. An analysis of American and Russian models for financing higher education.

The main outcomes of the 2026 Eastern Economic Forum: 318 agreements worth 7 trillion rubles, a unified preferential regime starting in 2027, a transport corridor to China, and a shift from extraction to processing.

Day three highlights from EEF-2026: agreements worth 6 trillion rubles, a unified preferential regime for the Far Eastern Federal District and the Arctic, technology experiments, and signs of economic cooling. An analysis of the new macroregional development strategy.

Day two of the Eastern Economic Forum brought announcements of a 100 billion ruble petrochemical cluster, preferential treatment reforms, regional gas infrastructure expansion, and a 2.5-fold increase in trade with China to 1.7 trillion rubles.

Day one highlights from the 2026 Eastern Economic Forum: agreements on pharmaceuticals derived from marine bioresources, 7.5 billion rubles in housing and utilities modernization, development of the creative economy and satellite communications. Contract projections reach 6.5 trillion rubles.