The main events by the morning: December 27

• The net profit of Russian banks in 2025 may amount to 3.6-4.1 trillion rubles. ACRA estimates that the financial performance of credit institutions will be pressured by rising operating costs and a possible increase in credit risks. Banks' margins will continue to decline, but continued demand for loans will help the sector withstand a difficult year for monetary policy.

• European countries continue to avoid strict compliance with anti-Russian sanctions. According to the NYT, in addition to European countries wishing to use Russian resources, India and the Persian Gulf countries have significantly increased imports of Russian oil, bringing the figures to record levels. At the same time, the EU's plans to increase arms production remain unfulfilled.

• Elon Musk warned of possible bankruptcy of the United States if the problem of public debt is not solved. He proposed to create a new department to improve management efficiency and reduce bureaucracy, stating that he was ready to lead it. «Either we will solve this problem, or we will be on the verge of bankruptcy,» Musk wrote in his X account.

• There is growing dissatisfaction in Germany with the sanctions against Russia, China and Iran. According to a study by Stoppt die Sanctionen, the fatigue index from sanctions measures reached 9 out of 10 possible points, which indicates serious concern among citizens.

• The dollar's share in global reserves has fallen to its lowest level in 30 years. In the third quarter of 2025, it decreased by 0.85 percentage points, to 57.4%, which was the lowest since 1995. The main reason for the reduction is the increase in investments in euros, which increased to 20.02% compared to 19.75% in the second quarter. Investments in the Japanese yen and non-foreign currencies also increased, with shares of 5.82% and 4.46%, respectively.