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.
Amazon Buys Backup Power: Generac's $2.4 Billion Order and a 2.87% Warrant
Generac Amazon deal: $2.4 billion of generators for 2027-2028, a warrant vesting to $8 billion, and an 18.34% session that reprices AI power supply.
MarketsThe Yen Fell Anyway: BoJ at 1.25% and the Spread That Still Sets the Price
BoJ rate hike to 1.25% sent the yen to 157.5: a 7–2 vote, an intact carry trade, gold at $4,397 and a 250–275 basis point gap with the Fed.
MarketsUkraine's September Payment Queue: Why Minfin Froze Every Capital Line at Once
Ukraine capital spending freeze of 17 September 2026 explained: UAH 39 billion deferred, stalled tranches, Treasury cash, and what the 2027 draft budget assumes.
MarketsReserves, Not the Rate: What Ukraine's 45-Hryvnia Dollar Really Signals for 2026-2027
Dollar at 45 hryvnias in September 2026: NBU sells over $1 billion a week, reserves at $48.66 billion, forecasts to 2027 and the savings math.
MarketsWarsh's First Hike: FOMC Moves to 3.75–4.00% as the Dots Jump to 4.1%
Fed rate hike to 3.75–4.00% on 16 September 2026: unanimous 12–0 vote, dot plot at 4.1%, 10-year at 5.00%, plus stock, gold and mortgage reaction.
Real EstateKyiv's $68,500 Ask, $55,500 Sale: The Gap That Now Runs the Market
Kyiv one-room flat prices, September 2026: $68,500 asking median against $55,500 sold, district table, new builds at 58,386 UAH and the dollar at 45.