俄罗斯卢布稳定在每美元93卢布左右，为一周来的最低水平，面临着5月1日公共假期前活动减少和该国主要收入来源石油价格下跌的压力。此外，友好国家银行加强与联合会交易的合规程序，可能会对货物和到达产生负面影响。另一方面，由于俄罗斯政府已将43个最大出口国的资本管制再延长一年，至2025年4月30日，该货币的下跌势头受到限制。该规定要求公司80%的外币收益存入俄罗斯银行，然后在两周内将至少90%的收益出售给国内市场。同时，将退还外汇收入的期限从货物交付给买方后的90天延长至120天。此外，CBR的限制性立场是为了在中期支撑卢布。

The Russian ruble stabilised around 93 per USD, its lowest in a week, facing the pressure from reduced activity ahead of a public holiday on May 1st and decreased prices of the country's key revenue source oil. Additionally, strengthening compliance procedures on transactions with the Federation by banks of friendly countries threatened to affect negatively shipments and arrivals. On the other hand, the downward momentum for the currency was limited as Russia's government has extended the capital controls for 43 largest exporters for another year until April 30, 2025. The rules mandate that 80% of foreign currency earnings from firms be deposited with Russian banks, followed by the sale of at least 90% of those proceeds in the domestic market within 2 weeks. Meanwhile, the period to return forex revenue was prolonged till 120 days from 90 days since the delivery of goods to the buyer. Furthermore, the restrictive stance by CBR was set to underpin ruble in the medium term.

周二，基于卢布的MOEX俄罗斯指数稳定在3480点，此前三个交易日小幅上涨，因为投资者在5月假期前没有做出重大决定。在各板块中，电力公用事业和IT领涨。就个股而言，Rosseti（2%）、Magnit（0.7%）、MoesEnergy（0.7%），Novatek（0.6%）和RusGidro（0.6%）小幅上涨。然而，黄金矿商Seligdar（-1%）和Polus（-0.9%）下跌，反映了大宗商品的趋势。在地缘政治方面，美国允许与俄罗斯银行进行能源领域的结算交易。

The ruble-based MOEX Russia index steadied at 3,480 on Tuesday, following three sessions of marginal gains, as investors refrained from making big decisions ahead of May holidays. Among sectors, electric utilities and IT were driving the gains. As for individual stocks, modest increases were seen by Rosseti (2%), Magnit (0.7%), MoesEnergo (0.7%), Novatek (0.6%), and RusGidro (0.6%). However, gold miners Seligdar (-1%) and Polus (-0.9%) declined, mirroring the trend in the commodity. On the geopolitical front, the US allowed transactions with Russian banks for settlements in the energy sector.

周一，基于卢布的MOEX俄罗斯指数微涨至3478点，得益于盈利和股息公告，该指数加快了早盘的步伐。最大的胜利来自罗塞蒂（3.7%）、苏尔古特（2.6%）、奥松（2.3%）、NLMK（2.3%）和Severstal（2%）。Surgut在2024年第一季度的净利润比2023年同期增长了4倍后上涨，而卢克石油公司在批准2023年每股498卢布的股息后上涨了1.7%。此外，Moex和Sovcomflot分别上涨1.1%，前者受益于CBR官员的鹰派语气，后者则受到恢复向印度输送石油的提振。另一方面，Mechel（-2.8%）、MosEnergo（-1.3%）、VK（-1%）和Nornickel（-0.9%）下降。尽管该国政府决定在2024年5月1日至8月31日期间取消动力煤和无烟煤的出口税，但煤矿工人Mechel和Raspadskays表现出相反的动态。

The ruble-based MOEX Russia index edged up to 3,478 on Monday, picking up the morning pace thanks to earnings and dividends announcements. The largest wins came from Rosseti (3.7%), Surgut (2.6%), Ozon (2.3%), NLMK (2.3%), and Severstal (2%). Surgut rose after increasing its net profit by 4 times in the Q1 of 2024 compared to the same period of 2023, while Lukoil added 1.7% having approved dividends in the amount of 498 rubles per share for 2023. Also, Moex and Sovcomflot advanced by 1.1% each, with the former benefiting from a hawkish tone of CBR officials and the latter being boosted by the resumption of oil deliveries to India. On the other hand, Mechel (-2.8%), MosEnergo (-1.3%), VK (-1%), and Nornickel (-0.9%) declined. Coal miners Mechel and Raspadskays showed opposite dynamics despite the decision of the country's government to lift of export duties on thermal coal and anthracite for the period from May 1 to August 31, 2024.

周一，基于卢布的MOEX俄罗斯指数第四个交易日几乎没有变化，为3470点，因为在CBR发出鹰派信息后，投资者在5月假期前减少了活动。最大的胜利来自Surgut（2.1%）、AFK Sistema（1.8%）、Moex（1.6%）和BSP（1.2%）。此外，俄罗斯天然气工业股份公司上涨0.5%，预计季度业绩将于5月2日前公布。另一方面，Mechel（-1%）、Unipro（-0.9%）、GLTR（-0.8%）和PIK（-0.7%）下降。尽管该国政府宣布在2024年5月1日至8月31日期间取消动力煤和无烟煤的出口税，但煤矿商Mechel和Raspadskays的股价表现出相反的动态。在地缘政治领域，由于担心美国的制裁，几家中国大银行抑制了国与国之间的支付，中国出口商诉诸地下金融渠道恢复与俄罗斯的贸易。

The ruble-based MOEX Russia index was little changed for the 4th session at 3,470 on Monday, as investors reduced their activity after the CBR delivered a hawkish message and ahead of May holidays. The largest wins came from Surgut (2.1%), AFK Sistema (1.8%), Moex (1.6%), and BSP (1.2%). Also, Gazprom advanced by 0.5% in anticipation of quarterly results due for a release sometime before May 2nd. On the other hand, Mechel (-1%), Unipro (-0.9%), GLTR (-0.8%), and PIK (-0.7%) declined. The shares of coal miners Mechel and Raspadskays showed opposite dynamics despite the announcement of the country's government about the lift of export duties on thermal coal and anthracite for the period from May 1 to August 31, 2024. On geopolitical arena, China's exporters resorted to underground financial channels to restore trade with Russia after several Chinese big banks throttled payments between countries in fear of US sanctions.