🇷🇺 Funding for competence centers focused on software import substitution in Russia is set to resume. In the second wave, the Russian government will allocate 3.2 billion rubles for significant IT projects, with a total budget reaching 33 billion rubles by 2027, including contributions from companies. — Ъ
🚨🇺🇦 The Russian delegation is set to travel to Istanbul and will be ready to continue negotiations on June 2. If the talks between Russia and Ukraine yield positive results, discussions may extend to high-level contacts. Moscow expressed satisfaction that President Putin's clarifications regarding NATO's eastward expansion are being understood, including in Washington, according to the Kremlin.
💥🇷🇺 A national messenger is essential for Russia, but it must effectively compete with foreign alternatives. The country should have multiple domestic messengers to foster competition, according to Peskov, as reported by TASS.
💥 Canary has submitted an application for a CRO ETF featuring staking options.
🌐 Russia is set to launch a national multifunctional service, marking another step toward achieving full digital sovereignty, according to Gorielkin. This unique and securely protected system will have no analogs. Services will be accessible after the creation of a digital ID. For more details, click here.
💥 Today at 15:00 UTC, FTX will begin distributing over $5 billion in stablecoins to creditors. Many experts anticipate that part of this capital will flow into the market, potentially leading to a surge in prices.
✈️ Aeroflot Group reported a significant surge in its net profit for Q1 2025, rising 24 times to 26.9 billion rubles under IFRS. The airline recorded a corrected loss of 3.4 billion rubles, compared to a corrected profit of 6.5 billion rubles in the same period last year. Revenue increased by 9.6% year-on-year, reaching 190.2 billion rubles. For more details, see the report.
🇷🇺 Artgen Biotech has reported its RAS results for the first quarter of 2025, showing a net profit of 29.6 million rubles, down from 68.7 million rubles in the same period last year.
🚀 Sber has launched a city tour to discuss the impact of artificial intelligence on the market. Sber Investments held its first investment event in St. Petersburg, focusing on how AI transforms financial markets. Analysts, issuers, and Sber representatives explored changes in investments from stock exchanges to private portfolios. Aisha Kubezova and Dmitry Sukhoverkhov proposed measures to support private investors, including family investment accounts and simplified tax interactions, emphasizing offline communication and dialogue about the future of investments in the digital age.
💰 Gazprom reported a net profit of 660 billion rubles for the first quarter of 2025, slightly up from 653 billion rubles in the same period last year. The company's revenue for the quarter reached 2.8 trillion rubles, aligning closely with analyst consensus of 2.855 trillion rubles. Additionally, Gazprom's debt load, measured as net debt/EBITDA, decreased to 1.68 from 1.83 at the end of 2024.
⚡️ A Swiss court's decision regarding the debt restructuring of NORD STREAM 2 AG has come into effect, leading to the termination of the bankruptcy moratorium, according to "Gazprom" as reported by TASS. The moratorium on the bankruptcy of Nord Stream 2 AG has officially ended.
📞 The U.S. Trade Representative, Katherine Tai, announced that efforts to arrange a phone conversation between former President Donald Trump and Chinese President Xi Jinping are ongoing. The discussions aim to address key trade issues between the two nations, reflecting the continued importance of dialogue in U.S.-China relations.
🚨 Upcoming Economic Reports
The United States will release its preliminary trade balance for April at 15:30 Moscow time, followed by the PCE Price Index for inflation in April at the same hour. Meanwhile, Canada is set to announce its GDP for the first quarter of 2025 at 15:30 Moscow time.
The United States will release its preliminary trade balance for April at 15:30 Moscow time, followed by the PCE Price Index for inflation in April at the same hour. Meanwhile, Canada is set to announce its GDP for the first quarter of 2025 at 15:30 Moscow time.