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.
Due Diligence on Ukrainian Property Developers: A Framework for Foreign Investors
A practitioner's framework for due diligence on Ukraine real estate developers: entity and title checks, escrow, MIGA insurance, and a developer tier system.
MarketsThe EU-China EV Tariff War: Who Actually Wins
EU China EV tariffs 2026 analysis for investors: how BYD's Hungary plant and the PHEV loophole turned trade protection into Chinese localization. Who really wins.
MarketsThe IMF Program Is Not a Safety Net — It's a Timeline
IMF Ukraine program analysis for investors: tranche disbursements, fiscal conditionality, and what the 2026 review calendar means for sovereign risk.
Real EstateKyiv Premium Residential in 2026: The Pechersk District Investment Case
Kyiv premium real estate 2026: Pechersk prices, yields, and why the supply-constrained luxury segment rose through the war. An investor's analysis by Ruslan Averin.
CapitalRuslan Averin: A Capital Allocation Framework for Emerging Markets
Most emerging market frameworks fail not because of bad analysis, but because of wrong time horizons. Here is how I approach capital allocation in markets where volatility is structural, not episodic.
MarketsToyota's Hybrid Bet Was Right All Along — A Lesson in Patient Strategy
Toyota stock 2026 analysis: how the hybrid strategy beat the pure-EV consensus, absorbed a $9.7bn tariff hit, and drove a record 10.5m vehicle year.