The main events by the morning: November 26

• Consensus forecast: inflation in the Russian Federation will begin to decline steadily only by the spring of 2025. Experts note that current inflation in Russia is already showing a decline from its peak in July 2024. However, this process is still unstable, largely due to the continuing high inflation expectations. According to analysts, the country's economy is now at a turning point that requires special attention.

• The prospect of peace between Israel and Hezbollah has caused gold and oil prices to fall. The price of gold and oil fell by 3% after the Israeli portal Ynet reported that Israel had accepted a draft peace agreement with Hezbollah proposed by the United States. The document assumes a ceasefire in Lebanon. The Lebanese side has already been notified of the decision through an American mediator.

• A court in Washington has closed a criminal case against Trump for storming the Capitol in 2020. The decision is final and cannot be appealed. The document says that the Ministry of Justice has no right to bring cases against the president-elect.

• Trump is threatening tariffs against Canada, Mexico and China. After his election, Donald Trump plans to impose 25 percent tariffs on his closest trading partners, Canada and Mexico. China will also be subject to sanctions, including an additional 10% tariffs due to accusations of «smuggling prohibited substances» into the United States.

• Merkel: the rejection of Russian gas has become a serious blow for Germany. Former German Chancellor Angela Merkel admitted in an interview with the BBC that the withdrawal from Russian energy had hit the country's economy hard. According to her, sooner or later diplomatic efforts will become necessary to end the conflict in Ukraine. She also stressed that gas deals with Russia in the past were aimed at supporting German companies and maintaining stable relations with Moscow.