Markets, capital, and the discipline of patient investing.
RFC Capital Research publishes the independent analysis of Ruslan Averin — an investor focused on public markets, sovereign and corporate fixed income, cross-border real estate, and capital allocation across emerging and frontier markets.
No institutional mandate, no house view to defend — a working record of how one investor thinks about risk, value, and the markets most analysts avoid.
Ukraine Deposits October 2026: the 23% Tax, the Bank Spread and the OVDP Alternative
Deposit rates in Ukraine: UIRD 14.09% for 12 months, top offers 17.50%, a 23% tax and OVDP at 15.09% compared against inflation of 10.0%.
MarketsHryvnia Under Pressure: Where Forecasters See the Dollar by End-2026 and End-2027
Dollar to hryvnia forecast: UAH 45.6–46.3 by end-2026 and UAH 48.3–49.2 by end-2027, against an official rate of UAH 44.8871 on 17 October.
MarketsICU Forecast: UAH 49.2 by End-2027 and the Break-Even Point for Hryvnia Savers
ICU dollar forecast: UAH 45.8 end-2026, UAH 49.2 end-2027, inflation 12%, GDP down 0.6% and 1.9%. What it means for deposits and OVDP returns.
MarketsUkraine Household Gas: UAH 7.96 Locked to April 2027, While Delivery Does the Moving
Gas price for households in Ukraine: UAH 7.96 per cubic metre until 30 April 2027, delivery tariffs of UAH 0.38–2.95 and sample monthly bills.
MarketsUkraine's 16 bcm Gas Cushion: the Margin Above the Minimum and the UAH 7.96 Bill
Gas reserves in Ukraine reach 16 bcm before winter 2026/27, 2.8 bcm above the 13.2 bcm minimum, while households pay UAH 7.96 until April 2027.
MarketsAI Credit Cracks: Nasdaq Loses 4.48% as CoreWeave Bonds Hit 15% and Brent Nears $110
Nasdaq fell 4.48% to 26,140.03 as AI credit spreads hit a record 360 basis points, the SOX dropped eight sessions straight and Brent settled at $109.86.