The main events by the morning: December 12

• The Austrian oil and gas company OMV terminated the contract with Gazprom Export due to the termination of supplies on November 16 this year. The agreement, signed back in 2006 and calculated until 2040, was terminated prematurely. At the moment, OMV's gas storage facilities are 85% full. The company compensates for the loss of supplies through alternative sources: its own production in Norway and Austria, purchases from third-party manufacturers, as well as additional long-term LNG supply contracts.

• Donald Trump invited Xi Jinping to his inauguration. Sources note that Trump's transition team is also planning to invite other world leaders. Among the likely guests is Hungarian Prime Minister Viktor Orban, who recently met with Trump at his estate.

• Russia's national debt has grown by 4.3% in nine months. As of October 1, 2024, the country's public debt amounted to 26.7 trillion rubles, which is equivalent to 13.6% of GDP. Since the beginning of the year, the national debt has increased by 4.3%. The main growth was in domestic debt, caused by an increase in the volume of federal loan bonds (OFZ). 1.65 trillion rubles were spent on debt servicing during this period.

• The President of South Korea justified the imposition of martial law. Yun Seok-el stated that the imposition of martial law in the country was legitimate and dictated by the need to protect democracy. The Head of State justified his actions by trying to prevent the threat of a «parliamentary dictatorship» from the opposition. Meanwhile, the leader of the ruling party demanded the immediate impeachment of the president, accusing him of exceeding his powers.

• The Moscow Exchange will limit the access of unqualified investors to shares of companies outside the jurisdiction of the Russian Federation. Starting in 2025, the exchange will begin marking securities of Russian companies that have not transferred their activities to Russian jurisdiction with a special sign – «Available only to qualified investors.» Shares of such companies will be excluded from the first and second quotation lists and transferred to the third tier. For non-shareholders, only the sale of these securities will be available, the purchase will be prohibited.