Investors into Russian stocks have almost given up seeing any of the cash the country’s leading companies generate. Valuations are in the basement, as investors don't believe the management will share their billions of dollars in revenue.
Russia has made another step towards launching the fifth generation of cellular mobile communications (5G), as state-controlled telecoms operator Rostelecom transferred companies that tested the relevant technology to its subsidiary, Bashinformsvyaz.
Russia’s real estate market is back in play after investment rose by 30% y/y in the first quarter of this year, reports JLL – the best result in the last three years.
Russia has long been Ukraine’s main trade partner, but relations have crumbled since the annexation of the Crimea in 2014 and trade has fallen thanks to numerous embargoes as the two countries are fighting an undeclared war.
Ukraine’s banking sector has returned to profit, and while non-performing loans remain extremely high, those profits have allowed the banks to make provisions for their bad debt, which is no longer regarded as “toxic” by analysts.
State-owned Rosatom operates 35 nuclear power stations in Russia, and is actively exporting its nuclear technology to countries around the world.
Winter is coming and it promises to be bleak for Ukraine as Russia is clearly preparing to cut its neighbour out of its gas transit system completely. bne IntelliNews talks exclusively with executive director of Ukraine’s gas company Naftogaz