{"id":12834,"date":"2025-11-16T03:19:01","date_gmt":"2025-11-16T00:19:01","guid":{"rendered":"https:\/\/otetmarkets.net\/blog\/?p=12834"},"modified":"2025-12-10T11:26:11","modified_gmt":"2025-12-10T08:26:11","slug":"%d8%a7%d9%84%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af-%d8%a7%d9%84%d8%b9%d8%a7%d9%84%d9%85%d9%8a-%d8%a8%d8%b9%d8%af-%d8%a5%d8%ba%d9%84%d8%a7%d9%82-%d8%ad%d9%83%d9%88%d9%85%d9%8a-%d8%a3%d9%85%d8%b1%d9%8a","status":"publish","type":"post","link":"https:\/\/otetmarkets.net\/blog\/otet-view\/%d8%a7%d9%84%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af-%d8%a7%d9%84%d8%b9%d8%a7%d9%84%d9%85%d9%8a-%d8%a8%d8%b9%d8%af-%d8%a5%d8%ba%d9%84%d8%a7%d9%82-%d8%ad%d9%83%d9%88%d9%85%d9%8a-%d8%a3%d9%85%d8%b1%d9%8a\/","title":{"rendered":"\u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0628\u0639\u062f \u0625\u063a\u0644\u0627\u0642 \u062d\u0643\u0648\u0645\u064a \u0623\u0645\u0631\u064a\u0643\u064a \u0645\u0637\u0648\u0644\u060c \u0627\u0644\u0623\u0633\u0628\u0648\u0639 47\u060c 2025"},"content":{"rendered":"\n

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\u062a\u064f\u0639\u0632\u0632 \u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0625\u0633\u0643\u0627\u0646 \u0647\u0630\u0647 \u0627\u0644\u0635\u0648\u0631\u0629 \u0627\u0644\u0645\u062e\u062a\u0644\u0637\u0629: \u0627\u0631\u062a\u0641\u0639 \u0645\u0639\u062f\u0644 \u0627\u0644\u0631\u0647\u0646 \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0644\u0640 30 \u0639\u0627\u0645\u064b\u0627 (MBA) \u0625\u0644\u0649 6.34%\u060c \u0648\u0645\u0639 \u0630\u0644\u0643 \u0627\u0631\u062a\u0641\u0639\u062a \u0637\u0644\u0628\u0627\u062a \u0627\u0644\u0631\u0647\u0646 \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0628\u0634\u0643\u0644 \u0645\u062a\u0648\u0627\u0636\u0639\u060c \u0645\u0645\u0627 \u064a\u0624\u0643\u062f \u0648\u062c\u0648\u062f \u0642\u0637\u0627\u0639 \u062d\u0633\u0627\u0633 \u0644\u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0648\u0644\u0643\u0646\u0647 \u063a\u064a\u0631 \u0645\u0646\u0647\u0627\u0631.<\/span><\/p>\n\n\n\n

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\n
\"\"<\/figure>\n<\/div>\n\n\n

\u062a\u0648\u0642\u0639\u0627\u062a \u0648\u0648\u0644 \u0633\u062a\u0631\u064a\u062a<\/strong><\/h2>\n\n\n\n

\u062a\u062f\u062e\u0644 \u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0641\u064a \u0628\u064a\u0626\u0629 \u0645\u062a\u0642\u0644\u0628\u0629 \u0648\u0645\u0642\u064a\u062f\u0629 \u0628\u0646\u0637\u0627\u0642\u060c \u0645\u062f\u0641\u0648\u0639\u0629 \u0641\u064a \u0627\u0644\u0645\u0642\u0627\u0645 \u0627\u0644\u0623\u0648\u0644 \u0628\u062a\u0648\u0642\u0639\u0627\u062a \u0628\u0646\u0643 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0627\u0644\u0645\u062a\u063a\u064a\u0631\u0629 \u0648\u0632\u062e\u0645 \u0627\u0644\u0623\u0631\u0628\u0627\u062d \u0627\u0644\u0645\u0633\u062a\u0645\u0631. \u0623\u0646\u0647\u0649 \u0645\u0624\u0634\u0631 S&P 500 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0645\u0627\u0636\u064a \u0645\u0646\u062e\u0641\u0636\u064b\u0627 \u0642\u0644\u064a\u0644\u0627\u064b \u0628\u0639\u062f \u0627\u0646\u062e\u0641\u0627\u0636 \u062d\u0627\u062f \u0641\u064a \u0645\u0646\u062a\u0635\u0641 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0648\u0627\u0646\u062a\u0639\u0627\u0634 \u062c\u0632\u0626\u064a\u060c \u0645\u0639 \u0628\u0642\u0627\u0621 \u0627\u0644\u0623\u0633\u0645\u0627\u0621 \u0627\u0644\u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0627\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a \u0628\u0634\u0643\u0644 \u062e\u0627\u0635 \u0647\u064a \u0639\u0627\u0645\u0644 \u0627\u0644\u062a\u0623\u0631\u062c\u062d \u0627\u0644\u0631\u0626\u064a\u0633\u064a. \u0633\u062a\u0633\u062a\u0645\u0631 \u0623\u0631\u0628\u0627\u062d \u0648\u062a\u0648\u062c\u064a\u0647\u0627\u062a \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0627\u0644\u0643\u0628\u0631\u0649 \u0641\u064a \u0627\u0644\u0647\u064a\u0645\u0646\u0629 \u0639\u0644\u0649 \u0627\u0644\u0645\u0639\u0646\u0648\u064a\u0627\u062a\u060c \u0645\u0645\u0627 \u064a\u062c\u0639\u0644 \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u062e\u0644\u0627\u0644 \u0627\u0644\u064a\u0648\u0645 \u062d\u0648\u0644 \u0625\u0635\u062f\u0627\u0631\u0627\u062a \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0648\u062e\u0637\u0628 \u0628\u0646\u0643 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0645\u0631\u062c\u062d\u0629.<\/span><\/p>\n\n\n\n

\u0645\u0646 \u0627\u0644\u0646\u0627\u062d\u064a\u0629 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629\u060c \u0644\u0627 \u064a\u0632\u0627\u0644 \u0627\u0644\u0633\u0648\u0642 \u064a\u0631\u062a\u0643\u0632 \u0639\u0644\u0649 \u0633\u0631\u062f\u064a\u0629 “\u0627\u0644\u0647\u0628\u0648\u0637 \u0627\u0644\u0646\u0627\u0639\u0645”: \u062a\u062f\u0639\u0645 \u0625\u0634\u0627\u0631\u0627\u062a \u0627\u0644\u0646\u0645\u0648 \u0627\u0644\u0642\u0648\u064a\u0629 \u0648\u0639\u062f\u0645 \u0648\u062c\u0648\u062f \u0645\u0641\u0627\u062c\u0622\u062a \u062a\u0636\u062e\u0645\u064a\u0629 \u0643\u0628\u064a\u0631\u0629 \u0639\u0645\u0644\u064a\u0627\u062a “\u0627\u0644\u0634\u0631\u0627\u0621 \u0639\u0646\u062f \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636\u0627\u062a”\u060c \u0644\u0627 \u0633\u064a\u0645\u0627 \u0641\u064a \u0623\u0633\u0647\u0645 \u0627\u0644\u0646\u0645\u0648 \u0639\u0627\u0644\u064a\u0629 \u0627\u0644\u062c\u0648\u062f\u0629 \u0648\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0627\u0644\u0639\u0645\u0644\u0627\u0642\u0629. \u0639\u0644\u0649 \u0627\u0644\u0639\u0643\u0633 \u0645\u0646 \u0630\u0644\u0643\u060c \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u064f\u062d\u064a\u064a \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0623\u0636\u0639\u0641 \u0645\u062e\u0627\u0648\u0641 \u0627\u0644\u0631\u0643\u0648\u062f\u060c \u0645\u0645\u0627 \u064a\u0636\u063a\u0637 \u0639\u0644\u0649 \u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u062f\u0648\u0631\u064a\u0629 \u0648\u064a\u062f\u0641\u0639 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0645\u0631\u0629 \u0623\u062e\u0631\u0649 \u0625\u0644\u0649 \u0623\u0633\u0647\u0645 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0627\u0644\u0643\u0628\u064a\u0631\u0629 \u0627\u0644\u062f\u0641\u0627\u0639\u064a\u0629. \u0625\u0630\u0627 \u062d\u0627\u0641\u0638 \u0645\u0633\u0624\u0648\u0644\u0648 \u0628\u0646\u0643 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0639\u0644\u0649 \u0646\u0628\u0631\u062a\u0647\u0645 “\u0627\u0644\u062a\u0634\u062f\u062f\u064a\u0629” \u0648\u0627\u0646\u062e\u0641\u0636\u062a \u0627\u062d\u062a\u0645\u0627\u0644\u0627\u062a \u0627\u0644\u062e\u0641\u0636 \u0641\u064a \u062f\u064a\u0633\u0645\u0628\u0631 \u0625\u0644\u0649 \u0645\u0627 \u062f\u0648\u0646 50%\u060c \u0641\u0642\u062f \u062a\u0638\u0644 \u0627\u0644\u0623\u0633\u0647\u0645 \u062a\u062d\u062a \u0636\u063a\u0637\u060c \u062e\u0627\u0635\u0629 \u0627\u0644\u0642\u0637\u0627\u0639\u0627\u062a \u0627\u0644\u062d\u0633\u0627\u0633\u0629 \u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0645\u062b\u0644 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0635\u063a\u064a\u0631\u0629\u060c \u0648\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0639\u0642\u0627\u0631\u064a (REITs)\u060c \u0648\u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0630\u0627\u062a \u0627\u0644\u0645\u0636\u0627\u0639\u0641\u0627\u062a \u0627\u0644\u0639\u0627\u0644\u064a\u0629. \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u0624\u062f\u064a \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0623\u0636\u0639\u0641 \u0623\u0648 \u0627\u0644\u0646\u0628\u0631\u0629 \u0627\u0644\u0623\u0643\u062b\u0631 “\u062a\u0633\u0627\u0647\u0644\u064a\u0629” \u0645\u0646 \u0628\u0646\u0643 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0625\u0644\u0649 \u0625\u0639\u0627\u062f\u0629 \u0625\u0634\u0639\u0627\u0644 \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u062e\u0641\u0636 \u0648\u062f\u0639\u0645 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u062e\u0637\u0631\u0629 \u0641\u064a \u0623\u0648\u0627\u062e\u0631 \u0646\u0648\u0641\u0645\u0628\u0631.<\/span><\/p>\n\n\n\n

\u0627\u0644\u062a\u0645\u0631\u0643\u0632\u0627\u062a \u0645\u0639\u062a\u062f\u0644\u0629 \u0628\u0639\u062f \u0639\u0627\u0645 \u0642\u0648\u064a (\u0627\u0631\u062a\u0641\u0627\u0639 S&P \u0628\u0646\u0633\u0628\u0629 \u0639\u0627\u0644\u064a\u0629 \u0645\u0646 \u062e\u0627\u0646\u062a\u064a\u0646 \u062d\u062a\u0649 \u0623\u0643\u062a\u0648\u0628\u0631) \u0648\u062a\u0631\u0627\u062c\u0639 \u0637\u0641\u064a\u0641 \u0641\u064a \u0646\u0648\u0641\u0645\u0628\u0631\u060c \u0645\u0645\u0627 \u064a\u0641\u0636\u0644 \u062a\u062f\u0641\u0642\u0627\u062a “\u0627\u0644\u0634\u0631\u0627\u0621 \u0639\u0646\u062f \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636\u060c \u0648\u0627\u0644\u0628\u064a\u0639 \u0639\u0646\u062f \u0627\u0644\u0627\u0631\u062a\u0641\u0627\u0639” \u0639\u0644\u0649 \u0627\u0646\u0639\u0643\u0627\u0633 \u0643\u0627\u0645\u0644 \u0644\u0644\u0627\u062a\u062c\u0627\u0647.<\/span><\/p>\n\n\n\n

\u0627\u0644\u0635\u0648\u0631\u0629 \u0627\u0644\u0641\u0646\u064a\u0629 \u0644\u0645\u0624\u0634\u0631 \u062f\u0627\u0648 \u062c\u0648\u0646\u0632:<\/strong><\/h3>\n\n\n\n

\u0644\u0627 \u064a\u0632\u0627\u0644 \u0645\u0624\u0634\u0631 \u062f\u0627\u0648 \u062c\u0648\u0646\u0632 \u0641\u064a \u0627\u062a\u062c\u0627\u0647 \u0635\u0627\u0639\u062f \u0645\u062a\u0648\u0633\u0637 \u0627\u0644\u0623\u062c\u0644 \u0628\u0639\u062f \u062a\u0639\u0627\u0641\u064d \u0642\u0648\u064a \u0639\u0644\u0649 \u0634\u0643\u0644 \u062d\u0631\u0641 V \u0645\u0646 \u0645\u0627\u0631\u0633. \u064a\u062e\u062a\u0628\u0631 \u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u0622\u0646 \u062e\u0637 \u0627\u062a\u062c\u0627\u0647 \u0635\u0627\u0639\u062f \u0631\u0626\u064a\u0633\u064a \u0628\u0627\u0644\u0642\u0631\u0628 \u0645\u0646 47,000\u060c \u0645\u0639 \u0639\u0645\u0644 \u0627\u0644\u0645\u062a\u0648\u0633\u0637 \u0627\u0644\u0645\u062a\u062d\u0631\u0643 \u0627\u0644\u0623\u0633\u064a (EMA) \u0644\u0640 50 \u064a\u0648\u0645\u064b\u0627 (\u062d\u0648\u0627\u0644\u064a 46,650) \u0643\u062f\u0639\u0645 \u062d\u0627\u0633\u0645. \u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0645\u0627 \u0641\u0648\u0642 \u0647\u0630\u0647 \u0627\u0644\u0645\u0633\u062a\u0648\u064a\u0627\u062a \u064a\u064f\u0628\u0642\u064a \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0635\u0639\u0648\u062f\u064a\u0629 \u0625\u0644\u0649 \u0645\u062d\u0627\u064a\u062f\u0629 \u0645\u0639 \u0627\u062d\u062a\u0645\u0627\u0644 \u0625\u0639\u0627\u062f\u0629 \u0627\u062e\u062a\u0628\u0627\u0631 48,500-49,000 \u0648\u0631\u0628\u0645\u0627 50,000+. \u0643\u0633\u0631 \u0648\u0627\u0636\u062d \u0623\u0633\u0641\u0644 \u062e\u0637 \u0627\u0644\u0627\u062a\u062c\u0627\u0647 \u0648\u0627\u0644\u0645\u062a\u0648\u0633\u0637 \u0627\u0644\u0645\u062a\u062d\u0631\u0643 \u0627\u0644\u0623\u0633\u064a \u064a\u0641\u062a\u062d \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0647\u0628\u0648\u0637 \u0646\u062d\u0648 45,000-45,500\u060c \u0648\u0623\u0639\u0645\u0642 \u0646\u062d\u0648 \u0642\u0648\u0627\u0639\u062f 41,950.<\/span><\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

\u0627\u0642\u062a\u0635\u0627\u062f \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 \u0648\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0623\u0633\u0628\u0648\u0639\u064a\u0629<\/span><\/h2>\n\n\n\n

\u0644\u0627 \u062a\u0632\u0627\u0644 \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 \u0639\u0644\u0649 \u0645\u0633\u0627\u0631 \u062a\u0648\u0633\u0639 \u0628\u0637\u064a\u0621 \u0648\u0644\u0643\u0646\u0647 \u0645\u0633\u062a\u0642\u0631\u060c \u0645\u0639 \u062a\u0642\u062f\u064a\u0645 \u0627\u0644\u0637\u0644\u0628 \u0627\u0644\u062e\u0627\u0631\u062c\u064a \u0648\u0627\u0646\u062e\u0641\u0627\u0636 \u0627\u0644\u062a\u0636\u062e\u0645 \u062f\u0639\u0645\u064b\u0627 \u0645\u0647\u0645\u064b\u0627. \u064a\u0628\u062f\u0648 \u0627\u0644\u0631\u0643\u0648\u062f \u063a\u064a\u0631 \u0645\u0631\u062c\u062d \u0641\u064a \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0642\u0631\u064a\u0628\u060c \u0648\u0644\u0643\u0646 \u0627\u0644\u0627\u0646\u062a\u0639\u0627\u0634 \u0627\u0644\u0642\u0648\u064a \u064a\u0628\u062f\u0648 \u0623\u064a\u0636\u064b\u0627 \u0628\u0639\u064a\u062f \u0627\u0644\u0645\u0646\u0627\u0644. \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u060c \u062a\u064f\u0639\u062f \u0628\u064a\u0627\u0646\u0627\u062a \u0647\u0630\u0627 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0645\u0634\u062c\u0639\u0629 \u0628\u0634\u0623\u0646 \u0627\u0644\u062a\u0636\u062e\u0645 \u0648\u0627\u0644\u0627\u0633\u062a\u0642\u0631\u0627\u0631\u060c \u0648\u0644\u0643\u0646\u0647\u0627 \u0631\u0628\u0645\u0627 \u0644\u0627 \u062a\u0643\u0641\u064a \u0644\u062a\u0628\u0631\u064a\u0631 \u062f\u0648\u0631\u0629 \u062a\u064a\u0633\u064a\u0631 \u0642\u0648\u064a\u0629. \u0645\u0646 \u0627\u0644\u0645\u0631\u062c\u062d \u0623\u0646 \u064a\u0638\u0644 \u0627\u0644\u0645\u0648\u0642\u0641 \u0627\u0644\u062d\u0630\u0631 \u0627\u0644\u0645\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0647\u0648 \u0627\u0644\u0648\u0636\u0639 \u0627\u0644\u0627\u0641\u062a\u0631\u0627\u0636\u064a.<\/span><\/p>\n\n\n\n

\u0645\u0631\u0627\u062c\u0639\u0629 \u0627\u0642\u062a\u0635\u0627\u062f \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648<\/strong><\/h3>\n\n\n\n

\u062a\u064f\u0638\u0647\u0631 \u0623\u062d\u062f\u062b \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0623\u0646 \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 \u062a\u062a\u0646\u0642\u0644 \u0641\u064a \u0641\u062a\u0631\u0629 \u0645\u0646 \u0627\u0644\u0646\u0645\u0648 “\u0627\u0644\u0646\u0627\u0639\u0645” \u0648\u0644\u0643\u0646\u0647 \u0645\u0633\u062a\u0642\u0631 \u0625\u0644\u0649 \u062d\u062f \u0643\u0628\u064a\u0631\u060c \u0645\u0639 \u062a\u0631\u0627\u062c\u0639 \u0627\u0644\u062a\u0636\u062e\u0645\u060c \u0648\u0635\u0645\u0648\u062f \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644\u060c \u0648\u062a\u0642\u062f\u064a\u0645 \u0627\u0644\u0642\u0637\u0627\u0639 \u0627\u0644\u062e\u0627\u0631\u062c\u064a \u062f\u0641\u0639\u0629 \u063a\u064a\u0631 \u0645\u062a\u0648\u0642\u0639\u0629. \u0639\u0644\u0649 \u0627\u0644\u0631\u063a\u0645 \u0645\u0646 \u0623\u0646 \u0627\u0644\u0632\u062e\u0645 \u0644\u0627 \u064a\u0632\u0627\u0644 \u0636\u0639\u064a\u0641\u064b\u0627 \u0645\u0642\u0627\u0631\u0646\u0629 \u0628\u0627\u0644\u0645\u0639\u0627\u064a\u064a\u0631 \u0627\u0644\u062a\u0627\u0631\u064a\u062e\u064a\u0629\u060c \u064a\u0628\u062f\u0648 \u0623\u0646 \u0627\u0644\u0643\u062a\u0644\u0629 \u0642\u062f \u062a\u062c\u0646\u0628\u062a \u0627\u0644\u062a\u0628\u0627\u0637\u0624 \u0627\u0644\u0623\u0639\u0645\u0642 \u0627\u0644\u0630\u064a \u0634\u0648\u0647\u062f \u0641\u064a \u0648\u0642\u062a \u0633\u0627\u0628\u0642 \u0645\u0646 \u0627\u0644\u0639\u0627\u0645.<\/span><\/p>\n\n\n\n

\u0642\u062f\u0645 \u0627\u0644\u0646\u0645\u0648 \u0641\u064a \u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u062b\u0627\u0644\u062b \u0645\u0641\u0627\u062c\u0623\u0629 \u0635\u0639\u0648\u062f\u064a\u0629 \u0637\u0641\u064a\u0641\u0629. \u062a\u0648\u0633\u0639 \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0628\u0646\u0633\u0628\u0629 0.2% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0631\u0628\u0639 \u0633\u0646\u0648\u064a \u0648 1.4% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a\u060c \u0645\u062f\u0639\u0648\u0645\u064b\u0627 \u0628\u0646\u0634\u0627\u0637 \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0627\u0644\u0645\u0631\u0646 \u0648\u0645\u0633\u0627\u0647\u0645\u0629 \u062a\u062c\u0627\u0631\u064a\u0629 \u0623\u0642\u0648\u0649. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u0644\u0627 \u064a\u0632\u0627\u0644 \u0627\u0644\u0637\u0644\u0628 \u0627\u0644\u0645\u062d\u0644\u064a \u0636\u0639\u064a\u0641\u064b\u0627 \u062d\u064a\u062b \u062a\u0633\u062a\u0645\u0631 \u0638\u0631\u0648\u0641 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0623\u0643\u062b\u0631 \u062a\u0634\u062f\u062f\u064b\u0627 \u0641\u064a \u0627\u0644\u0639\u0645\u0644 \u0643\u0639\u0627\u0626\u0642.<\/span><\/p>\n\n\n\n

\u0644\u0627 \u064a\u0632\u0627\u0644 \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644 \u0631\u0643\u064a\u0632\u0629 \u0644\u0644\u0627\u0633\u062a\u0642\u0631\u0627\u0631. \u0627\u0631\u062a\u0641\u0639 \u0627\u0644\u062a\u0648\u0638\u064a\u0641 \u0628\u0646\u0633\u0628\u0629 0.1% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0631\u0628\u0639 \u0633\u0646\u0648\u064a \u0648 0.5% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a\u060c \u0644\u064a\u0635\u0644 \u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u062a\u0648\u0638\u064a\u0641 \u0625\u0644\u0649 170.28 \u0645\u0644\u064a\u0648\u0646. \u0639\u0644\u0649 \u0627\u0644\u0631\u063a\u0645 \u0645\u0646 \u0627\u0644\u062e\u0644\u0641\u064a\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0627\u0644\u0628\u0637\u064a\u0626\u0629\u060c \u0627\u062d\u062a\u0641\u0638\u062a \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0625\u0644\u0649 \u062d\u062f \u0643\u0628\u064a\u0631 \u0628\u0627\u0644\u0639\u0645\u0627\u0644\u060c \u0645\u0639 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0627\u0644\u0628\u0637\u0627\u0644\u0629 \u0628\u0627\u0644\u0642\u0631\u0628 \u0645\u0646 \u0623\u062f\u0646\u0649 \u0645\u0633\u062a\u0648\u064a\u0627\u062a\u0647\u0627 \u0645\u0646\u0630 \u0639\u0642\u0648\u062f \u0641\u064a \u0645\u0639\u0638\u0645 \u0623\u0646\u062d\u0627\u0621 \u0627\u0644\u0645\u0646\u0637\u0642\u0629.<\/span><\/p>\n\n\n\n

\u064a\u0648\u0627\u0635\u0644 \u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0646\u062e\u0641\u0627\u0636\u0647 \u0627\u0644\u062a\u062f\u0631\u064a\u062c\u064a. \u0627\u0633\u062a\u0642\u0631 \u0645\u0624\u0634\u0631 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643\u064a\u0646 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0639\u0646\u062f 2.5% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a\u060c \u0645\u0645\u0627 \u064a\u0639\u0643\u0633 \u062a\u0636\u062e\u0645 \u0627\u0644\u062e\u062f\u0645\u0627\u062a “\u0627\u0644\u0644\u0651\u0632\u062c” \u062d\u062a\u0649 \u0645\u0639 \u062a\u062e\u0641\u064a\u0641 \u0627\u0644\u0636\u063a\u0648\u0637 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629. \u062a\u062a\u0628\u0627\u064a\u0646 \u0627\u0644\u0627\u062a\u062c\u0627\u0647\u0627\u062a \u0627\u0644\u0648\u0637\u0646\u064a\u0629: \u062a\u064f\u0638\u0647\u0631 \u0623\u0644\u0645\u0627\u0646\u064a\u0627 \u062a\u0628\u0631\u064a\u062f\u064b\u0627 \u062b\u0627\u0628\u062a\u064b\u0627 \u0639\u0646\u062f 2.3% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a\u060c \u0648\u0634\u0647\u062f\u062a \u0641\u0631\u0646\u0633\u0627 \u0627\u0646\u062e\u0641\u0627\u0636\u0627\u062a \u0623\u0643\u062b\u0631 \u062d\u062f\u0629 \u0646\u062d\u0648 0.8-0.9%\u060c \u0628\u064a\u0646\u0645\u0627 \u062a\u0638\u0644 \u0625\u0633\u0628\u0627\u0646\u064a\u0627 \u0647\u064a \u0627\u0644\u0627\u0633\u062a\u062b\u0646\u0627\u0621 \u0645\u0639 \u062a\u0636\u062e\u0645 \u0623\u0639\u0644\u0649 \u0645\u0646 3%\u060c \u0645\u062f\u0641\u0648\u0639\u064b\u0627 \u0628\u0627\u0644\u0637\u0627\u0642\u0629 \u0648\u0627\u0644\u062e\u062f\u0645\u0627\u062a. \u0647\u0630\u0627 \u064a\u0633\u0644\u0637 \u0627\u0644\u0636\u0648\u0621 \u0639\u0644\u0649 \u0645\u0633\u0627\u0631 \u062a\u0636\u062e\u0645 \u063a\u064a\u0631 \u0645\u062a\u0633\u0627\u0648\u064d\u060c \u0648\u0644\u0643\u0646\u0647 \u064a\u0646\u062e\u0641\u0636 \u0628\u0634\u0643\u0644 \u0639\u0627\u0645.<\/span><\/p>\n\n\n\n

\u0644\u0627 \u064a\u0632\u0627\u0644 \u0627\u0644\u0625\u0646\u062a\u0627\u062c \u0627\u0644\u0635\u0646\u0627\u0639\u064a \u0647\u0634\u064b\u0627 \u0648\u0644\u0643\u0646\u0647 \u0644\u0645 \u064a\u0639\u062f \u064a\u062a\u062f\u0647\u0648\u0631. \u0627\u0631\u062a\u0641\u0639 \u0627\u0644\u0625\u0646\u062a\u0627\u062c \u0627\u0644\u0635\u0646\u0627\u0639\u064a \u0641\u064a \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 \u0628\u0646\u0633\u0628\u0629 0.2% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0634\u0647\u0631\u064a \u0641\u064a \u0633\u0628\u062a\u0645\u0628\u0631 \u0648 1.2% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a\u060c \u0645\u062e\u064a\u0628\u064b\u0627 \u0644\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0648\u0644\u0643\u0646\u0647 \u064a\u0633\u062a\u0642\u0631 \u0628\u0634\u0643\u0644 \u0639\u0627\u0645. \u0642\u062f\u0645\u062a \u0625\u064a\u0637\u0627\u0644\u064a\u0627 \u0627\u0644\u0623\u062f\u0627\u0621 \u0627\u0644\u0645\u062a\u0645\u064a\u0632\u060c \u0645\u0639 \u0642\u0641\u0632\u0629 \u0628\u0646\u0633\u0628\u0629 2.8% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0634\u0647\u0631\u064a \u0648\u0645\u0643\u0633\u0628 \u0628\u0646\u0633\u0628\u0629 1.5% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a\u060c \u0645\u062f\u0639\u0648\u0645\u064b\u0627 \u0628\u0627\u0644\u0622\u0644\u0627\u062a \u0648\u0627\u0644\u0645\u0639\u062f\u0627\u062a \u0648\u0627\u0644\u0633\u064a\u0627\u0631\u0627\u062a – \u062f\u0644\u064a\u0644 \u0639\u0644\u0649 \u0623\u0646 \u062c\u064a\u0648\u0628 \u0627\u0644\u0642\u0648\u0629 \u0627\u0644\u062a\u0635\u0646\u064a\u0639\u064a\u0629 \u0644\u0627 \u062a\u0632\u0627\u0644 \u0645\u0648\u062c\u0648\u062f\u0629.<\/span><\/p>\n\n\n\n

\u0642\u062f\u0645 \u0627\u0644\u0642\u0637\u0627\u0639 \u0627\u0644\u062e\u0627\u0631\u062c\u064a \u0623\u0642\u0648\u0649 \u0625\u0634\u0627\u0631\u0629 \u0647\u0630\u0627 \u0627\u0644\u0623\u0633\u0628\u0648\u0639. \u0627\u062a\u0633\u0639 \u0627\u0644\u0641\u0627\u0626\u0636 \u0627\u0644\u062a\u062c\u0627\u0631\u064a \u0628\u0634\u0643\u0644 \u062d\u0627\u062f \u0625\u0644\u0649 19.4 \u0645\u0644\u064a\u0627\u0631 \u064a\u0648\u0631\u0648\u060c \u0645\u062f\u0639\u0648\u0645\u064b\u0627 \u0628\u0627\u0646\u062e\u0641\u0627\u0636 \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0633\u062a\u064a\u0631\u0627\u062f \u0627\u0644\u0637\u0627\u0642\u0629\u060c \u0648\u0627\u0644\u0637\u0644\u0628 \u0627\u0644\u0623\u062c\u0646\u0628\u064a \u0627\u0644\u0642\u0648\u064a\u060c \u0648\u0627\u0644\u064a\u0648\u0631\u0648 \u0627\u0644\u062a\u0646\u0627\u0641\u0633\u064a. \u0623\u0635\u0628\u062d \u0647\u0630\u0627 \u0627\u0644\u062a\u062d\u0633\u0646 \u0641\u064a \u0627\u0644\u0645\u064a\u0632\u0627\u0646 \u0627\u0644\u062a\u062c\u0627\u0631\u064a \u0631\u0643\u064a\u0632\u0629 \u0631\u0626\u064a\u0633\u064a\u0629 \u062a\u062f\u0639\u0645 \u062a\u0648\u0642\u0639\u0627\u062a \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648.<\/span><\/p>\n\n\n\n

\u062a\u0631\u0633\u0645 \u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u062b\u0642\u0629 \u0635\u0648\u0631\u0629 \u0645\u062e\u062a\u0644\u0637\u0629 \u0648\u0644\u0643\u0646\u0647\u0627 \u0645\u0633\u062a\u0642\u0631\u0629. \u0644\u0627 \u062a\u0632\u0627\u0644 \u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0645\u0624\u0634\u0631 ZEW \u0627\u0644\u0623\u0644\u0645\u0627\u0646\u064a \u0636\u0639\u064a\u0641\u0629\u060c \u0645\u0645\u0627 \u064a\u0639\u0643\u0633 \u0627\u0644\u062a\u062d\u062f\u064a\u0627\u062a \u0627\u0644\u0635\u0646\u0627\u0639\u064a\u0629 \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u0629 \u0641\u064a \u0627\u0644\u0628\u0644\u0627\u062f\u060c \u0628\u064a\u0646\u0645\u0627 \u062a\u062d\u0633\u0646\u062a \u0627\u0644\u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0639\u0644\u0649 \u0645\u0633\u062a\u0648\u0649 \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 \u0628\u0634\u0643\u0644 \u0645\u062a\u0648\u0627\u0636\u0639. \u062a\u062a\u0628\u0627\u064a\u0646 \u062b\u0642\u0629 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643 \u0628\u0634\u0643\u0644 \u0643\u0628\u064a\u0631 – \u0623\u0642\u0648\u0649 \u0641\u064a \u0623\u0644\u0645\u0627\u0646\u064a\u0627 \u0648\u0625\u064a\u0637\u0627\u0644\u064a\u0627\u060c \u0648\u0623\u0636\u0639\u0641 \u0641\u064a \u0641\u0631\u0646\u0633\u0627 \u0648\u0625\u0633\u0628\u0627\u0646\u064a\u0627 – \u0648\u0644\u0643\u0646\u0647\u0627 \u062a\u064f\u0638\u0647\u0631 \u0627\u0633\u062a\u0642\u0631\u0627\u0631\u064b\u0627 \u0645\u0628\u062f\u0626\u064a\u064b\u0627 \u0628\u0634\u0643\u0644 \u0639\u0627\u0645.<\/span><\/p>\n\n\n\n

\u062a\u062d\u0633\u0646\u062a \u0623\u064a\u0636\u064b\u0627 \u0627\u0644\u0645\u0631\u0648\u0646\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0644\u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648\u060c \u0645\u0639 \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0629 \u0625\u0644\u0649 1.71 \u062a\u0631\u064a\u0644\u064a\u0648\u0646 \u064a\u0648\u0631\u0648\u060c \u0645\u062f\u0639\u0648\u0645\u0629 \u0628\u0641\u0627\u0626\u0636 \u0642\u0648\u064a \u0641\u064a \u0627\u0644\u062d\u0633\u0627\u0628 \u0627\u0644\u062c\u0627\u0631\u064a \u0648\u062a\u0642\u064a\u064a\u0645\u0627\u062a \u0633\u0648\u0642\u064a\u0629 \u0645\u0648\u0627\u062a\u064a\u0629.<\/span><\/p>\n\n\n\n

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\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0644\u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648<\/strong><\/h3>\n\n\n\n

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\u062a\u062a\u062d\u0633\u0646 \u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0646\u0634\u0627\u0637 \u0623\u064a\u0636\u064b\u0627. \u0627\u0631\u062a\u0641\u0639 \u0645\u0624\u0634\u0631 \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0627\u0644\u0645\u0631\u0643\u0628 (PMI) \u0627\u0644\u0635\u0627\u062f\u0631 \u0639\u0646 HCOB \u0625\u0644\u0649 52.5 \u0641\u064a \u0623\u0643\u062a\u0648\u0628\u0631\u060c \u0645\u0633\u062c\u0644\u0627\u064b \u0623\u0642\u0648\u0649 \u062a\u0648\u0633\u0639 \u0641\u064a \u0623\u0643\u062b\u0631 \u0645\u0646 \u0639\u0627\u0645 \u0648\u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u0623\u0646 \u0627\u0644\u0627\u0646\u062a\u0639\u0627\u0634 \u0641\u064a \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0648\u062c\u064a\u0648\u0628 \u0627\u0644\u062a\u0635\u0646\u064a\u0639 \u064a\u0643\u062a\u0633\u0628 \u0632\u062e\u0645\u064b\u0627. \u0631\u062f\u062f\u062a \u0627\u0644\u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0627\u0644\u062a\u0637\u0644\u0639\u064a\u0629 \u0647\u0630\u0627 \u0627\u0644\u062a\u062d\u0648\u0644\u060c \u0645\u0639 \u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0624\u0634\u0631 ZEW \u0644\u0644\u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0641\u064a \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 \u0625\u0644\u0649 25.0 \u0641\u064a \u0646\u0648\u0641\u0645\u0628\u0631 – \u0623\u0639\u0644\u0649 \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0648\u062a\u062d\u0633\u0646 \u0648\u0627\u0636\u062d \u0639\u0646 \u0627\u0644\u0634\u0647\u0631 \u0627\u0644\u0633\u0627\u0628\u0642.<\/span><\/p>\n\n\n\n

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\u064a\u062c\u0644\u0628 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0645\u0642\u0628\u0644 (17-22 \u0646\u0648\u0641\u0645\u0628\u0631) \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0625\u0635\u062f\u0627\u0631\u0627\u062a \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629. \u064a\u0648\u0645 \u0627\u0644\u0623\u0631\u0628\u0639\u0627\u0621\u060c \u0633\u062a\u062a\u0644\u0642\u0649 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0646\u0647\u0627\u0626\u064a\u0629 \u0644\u0644\u0645\u0624\u0634\u0631 \u0627\u0644\u0645\u0646\u0633\u0642 \u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643\u064a\u0646 (HICP) \u0644\u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 \u0644\u0634\u0647\u0631 \u0623\u0643\u062a\u0648\u0628\u0631\u060c \u0648\u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0623\u0646 \u062a\u0624\u0643\u062f \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0623\u0648\u0644\u064a\u0629 \u0627\u0644\u0628\u0627\u0644\u063a\u0629 2.1%\u060c \u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u0628\u064a\u0627\u0646\u0627\u062a \u0645\u064a\u0632\u0627\u0646 \u0627\u0644\u0645\u062f\u0641\u0648\u0639\u0627\u062a. \u0642\u062f \u064a\u0648\u0644\u062f \u0627\u0644\u0627\u062c\u062a\u0645\u0627\u0639 \u063a\u064a\u0631 \u0627\u0644\u0646\u0642\u062f\u064a \u0644\u0645\u062c\u0644\u0633 \u0645\u062d\u0627\u0641\u0638\u064a \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0623\u064a\u0636\u064b\u0627 \u0639\u0646\u0627\u0648\u064a\u0646 \u0631\u0626\u064a\u0633\u064a\u0629 \u062a\u0624\u062b\u0631 \u0639\u0644\u0649 \u062a\u0648\u0642\u0639\u0627\u062a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629\u060c \u062e\u0627\u0635\u0629 \u0625\u0630\u0627 \u0623\u0644\u0645\u062d\u062a \u0627\u0644\u062a\u0639\u0644\u064a\u0642\u0627\u062a \u0625\u0644\u0649 \u0645\u0633\u0627\u0631 \u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0644\u0639\u0627\u0645 2026.<\/span><\/p>\n\n\n\n

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\n
\"\"<\/figure>\n<\/div>\n\n\n

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\u0641\u064a \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0645\u0642\u0628\u0644\u060c \u0633\u064a\u062a\u0634\u0643\u0644 \u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u0630\u0647\u0628 \u0628\u062b\u0644\u0627\u062b \u0642\u0648\u0649 \u0623\u0633\u0627\u0633\u064a\u0629:<\/span><\/p>\n\n\n\n

    \n
  1. \u062a\u0648\u0642\u0639\u0627\u062a \u0628\u0646\u0643 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0648\u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629<\/strong> \u0633\u062a\u0624\u062f\u064a \u0645\u0624\u0634\u0631\u0627\u062a \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0627\u0644\u0636\u0639\u064a\u0641\u0629\u060c \u0623\u0648 \u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0639\u0645\u0644 \u0627\u0644\u0623\u0636\u0639\u0641\u060c \u0623\u0648 \u062a\u0628\u0631\u064a\u062f \u0627\u0644\u062a\u0636\u062e\u0645 \u0625\u0644\u0649 \u0625\u062d\u064a\u0627\u0621 \u062a\u0648\u0642\u0639\u0627\u062a \u062e\u0641\u0636 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0648\u062f\u0639\u0645 \u0627\u0644\u0630\u0647\u0628. \u0639\u0644\u0649 \u0627\u0644\u0639\u0643\u0633 \u0645\u0646 \u0630\u0644\u0643\u060c \u0641\u0625\u0646 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0643\u0644\u064a\u0629 \u0627\u0644\u0623\u0642\u0648\u0649 \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0623\u0648 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0627\u0644\u062a\u0639\u0644\u064a\u0642\u0627\u062a “\u0627\u0644\u062a\u0634\u062f\u062f\u064a\u0629” \u0644\u0628\u0646\u0643 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0633\u062a\u0639\u0632\u0632 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0645\u0631\u062a\u0641\u0639\u0629 \u0644\u0641\u062a\u0631\u0629 \u0623\u0637\u0648\u0644 \u0648\u062a\u0628\u0642\u064a \u0627\u0644\u0636\u063a\u0637 \u0639\u0644\u0649 \u0627\u0644\u0623\u0633\u0639\u0627\u0631. \u0645\u0632\u064a\u062c \u0643\u0644\u064a \u062f\u0627\u0639\u0645 \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0631\u0633\u0644 \u0627\u0644\u0630\u0647\u0628 \u0645\u0631\u0629 \u0623\u062e\u0631\u0649 \u0646\u062d\u0648 4,250-4,300 \u062f\u0648\u0644\u0627\u0631\u060c \u0641\u064a \u062d\u064a\u0646 \u0623\u0646 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0623\u0642\u0648\u0649 \u0642\u062f \u062a\u0633\u062d\u0628\u0647 \u0628\u0634\u0643\u0644 \u062d\u0627\u0633\u0645 \u0625\u0644\u0649 \u0645\u0627 \u062f\u0648\u0646 4,000 \u062f\u0648\u0644\u0627\u0631\u060c \u0645\u0645\u0627 \u064a\u0641\u062a\u062d \u0627\u0644\u0645\u062c\u0627\u0644 \u0646\u062d\u0648 \u0645\u0633\u062a\u0648\u064a\u0627\u062a 3,800 \u062f\u0648\u0644\u0627\u0631 \u062f\u0648\u0646 \u0643\u0633\u0631 \u0627\u0644\u0627\u062a\u062c\u0627\u0647 \u0637\u0648\u064a\u0644 \u0627\u0644\u0623\u062c\u0644.<\/span><\/li>\n\n\n\n
  2. \u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629<\/strong> \u0623\u064a \u0636\u063a\u0648\u0637 \u0639\u0644\u0649 \u0627\u0644\u0623\u0633\u0647\u0645 \u0623\u0648 \u0627\u0644\u0627\u0626\u062a\u0645\u0627\u0646\u060c \u0623\u0648 \u062a\u0635\u0639\u064a\u062f \u062c\u064a\u0648\u0633\u064a\u0627\u0633\u064a\u060c \u0623\u0648 \u0635\u062f\u0645\u0629 \u0639\u0632\u0648\u0641 \u0639\u0646 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629 \u0633\u062a\u062f\u0641\u0639 \u062a\u062f\u0641\u0642\u0627\u062a \u0627\u0644\u0645\u0644\u0627\u0630 \u0627\u0644\u0622\u0645\u0646 \u0645\u0631\u0629 \u0623\u062e\u0631\u0649 \u0625\u0644\u0649 \u0627\u0644\u0630\u0647\u0628. \u0627\u0646\u062a\u0639\u0627\u0634 \u0648\u0627\u0633\u0639 \u0641\u064a \u0627\u0644\u0625\u0642\u0628\u0627\u0644 \u0639\u0644\u0649 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629 – \u062e\u0627\u0635\u0629 \u0625\u0644\u0649 \u062c\u0627\u0646\u0628 \u0627\u0646\u062a\u0639\u0627\u0634 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 – \u0633\u064a\u0642\u0644\u0644 \u0645\u0646 \u0627\u0644\u0637\u0644\u0628 \u0639\u0644\u0649 \u0627\u0644\u062a\u062d\u0648\u0637 \u0648\u064a\u0628\u0642\u064a \u0627\u0644\u0630\u0647\u0628 \u0641\u064a \u0645\u0631\u062d\u0644\u0629 \u062a\u0635\u062d\u064a\u062d\u064a\u0629.<\/span><\/li>\n\n\n\n
  3. \u0645\u0633\u0627\u0631 \u0627\u0644\u062f\u0648\u0644\u0627\u0631<\/strong> \u062a\u0632\u0627\u0645\u0646\u062a \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636\u0627\u062a \u0627\u0644\u0623\u062e\u064a\u0631\u0629 \u0645\u0639 \u062f\u0648\u0644\u0627\u0631 \u0623\u0642\u0648\u0649 \u0648\u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u062d\u0642\u064a\u0642\u064a\u0629. \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0642\u0648\u0629 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u064a\u062d\u062f \u0645\u0646 \u0627\u0644\u0635\u0639\u0648\u062f\u061b \u062f\u0648\u0644\u0627\u0631 \u0623\u0636\u0639\u0641 \u0633\u064a\u0639\u0637\u064a \u0627\u0644\u0630\u0647\u0628 \u0645\u062c\u0627\u0644\u064b\u0627 \u0644\u0625\u0639\u0627\u062f\u0629 \u0627\u062e\u062a\u0628\u0627\u0631 \u0646\u0637\u0627\u0642\u0647 \u0627\u0644\u0639\u0644\u0648\u064a.<\/span><\/li>\n<\/ol>\n\n\n\n

    \u0627\u0644\u0635\u0648\u0631\u0629 \u0627\u0644\u0641\u0646\u064a\u0629<\/strong><\/h3>\n\n\n\n

    \u0644\u0627 \u064a\u0632\u0627\u0644 \u0627\u0644\u0630\u0647\u0628 \u0641\u064a \u0627\u062a\u062c\u0627\u0647 \u0635\u0627\u0639\u062f \u0645\u0647\u064a\u0645\u0646\u060c \u0648\u0644\u0643\u0646\u0647 \u0641\u064a \u0645\u0631\u062d\u0644\u0629 \u062a\u0628\u0631\u064a\u062f \u0644\u0627\u0631\u062a\u0641\u0627\u0639 “\u0645\u0643\u0627\u0641\u0626” (\u062d\u0627\u062f). \u064a\u062d\u0627\u0641\u0638 \u0627\u0644\u0633\u0639\u0631 \u0639\u0644\u0649 \u0645\u0648\u0642\u0639\u0647 \u0641\u0648\u0642 \u0627\u0644\u0645\u062a\u0648\u0633\u0637 \u0627\u0644\u0645\u062a\u062d\u0631\u0643 \u0627\u0644\u0623\u0633\u064a (EMA) \u0644\u0640 20 \u064a\u0648\u0645\u064b\u0627 (\u062d\u0648\u0627\u0644\u064a 4,060 \u062f\u0648\u0644\u0627\u0631) \u0648\u0627\u0644\u0645\u062a\u0648\u0633\u0637 \u0627\u0644\u0645\u062a\u062d\u0631\u0643 \u0627\u0644\u0623\u0633\u064a \u0644\u0640 50 \u064a\u0648\u0645\u064b\u0627 (\u062d\u0648\u0627\u0644\u064a 3,930 \u062f\u0648\u0644\u0627\u0631)\u060c \u0645\u0645\u0627 \u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u062a\u0645\u0627\u0633\u0643 \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0627\u0646\u0639\u0643\u0627\u0633. \u062a\u0642\u0639 \u0627\u0644\u0645\u0642\u0627\u0648\u0645\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0639\u0646\u062f 4,250-4,280 \u062f\u0648\u0644\u0627\u0631\u060c \u062b\u0645 4,380 \u062f\u0648\u0644\u0627\u0631. \u064a\u0642\u0639 \u0627\u0644\u062f\u0639\u0645 \u0639\u0646\u062f 4,050 \u062f\u0648\u0644\u0627\u0631\u060c \u0645\u0639 \u062f\u0639\u0645 \u0627\u0644\u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u0631\u0626\u064a\u0633\u064a \u0639\u0646\u062f 3,875-3,900 \u062f\u0648\u0644\u0627\u0631. \u0643\u0633\u0631 \u0623\u0633\u0641\u0644 \u0647\u0630\u0647 \u0627\u0644\u0645\u0646\u0637\u0642\u0629 \u0633\u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u062a\u0635\u062d\u064a\u062d \u0623\u0639\u0645\u0642\u060c \u0628\u064a\u0646\u0645\u0627 \u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0645\u0627 \u0641\u0648\u0642\u0647\u0627 \u064a\u064f\u0628\u0642\u064a \u0627\u0644\u0645\u0633\u0627\u0631 \u0645\u0641\u062a\u0648\u062d\u064b\u0627 \u0644\u0645\u062d\u0627\u0648\u0644\u0629 \u0623\u062e\u0631\u0649 \u0644\u062a\u0633\u062c\u064a\u0644 \u0642\u0645\u0645 \u062c\u062f\u064a\u062f\u0629.<\/span><\/p>\n\n\n

    \n
    \"\"<\/figure>\n<\/div>\n\n\n

    \u0633\u0648\u0642 \u0627\u0644\u0637\u0627\u0642\u0629 – \u0627\u0644\u0648\u0636\u0639 \u0627\u0644\u062d\u0627\u0644\u064a \u0648\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0623\u0633\u0628\u0648\u0639\u064a\u0629 \u0644\u062e\u0627\u0645 \u063a\u0631\u0628 \u062a\u0643\u0633\u0627\u0633 \u0627\u0644\u0648\u0633\u064a\u0637 (WTI)<\/span><\/strong><\/h3>\n\n\n\n

    \u064a\u062f\u062e\u0644 \u062e\u0627\u0645 \u063a\u0631\u0628 \u062a\u0643\u0633\u0627\u0633 \u0627\u0644\u0648\u0633\u064a\u0637 (WTI) \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u062c\u062f\u064a\u062f \u0645\u062a\u062f\u0627\u0648\u0644\u0627\u064b \u0641\u064a \u0646\u0637\u0627\u0642 \u0645\u0631\u062a\u0641\u0639 \u0645\u0646 50 \u062f\u0648\u0644\u0627\u0631\u064b\u0627 \u0625\u0644\u0649 \u062d\u0648\u0627\u0644\u064a 60 \u062f\u0648\u0644\u0627\u0631\u064b\u0627\u060c \u0645\u0633\u062a\u0642\u0631\u064b\u0627 \u0628\u0639\u062f \u0641\u062a\u0631\u0629 \u0645\u062a\u0642\u0644\u0628\u0629 \u0627\u062a\u0633\u0645\u062a \u0628\u0639\u0645\u0644\u064a\u0627\u062a \u0628\u064a\u0639 \u062d\u0627\u062f\u0629 \u0628\u0633\u0628\u0628 \u0645\u062e\u0627\u0648\u0641 \u062a\u062e\u0645\u0629 \u0627\u0644\u0645\u0639\u0631\u0648\u0636 \u0648\u0627\u0631\u062a\u062f\u0627\u062f\u0627\u062a \u0648\u062c\u064a\u0632\u0629 \u0639\u0644\u0649 \u062e\u0644\u0641\u064a\u0629 \u0627\u0644\u0639\u0646\u0627\u0648\u064a\u0646 \u0627\u0644\u062c\u064a\u0648\u0633\u064a\u0627\u0633\u064a\u0629. \u0645\u0646 \u0627\u0644\u0648\u0627\u0636\u062d \u0623\u0646 \u0633\u0631\u062f\u064a\u0629 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0623\u0648\u0633\u0639 \u0642\u062f \u062a\u063a\u064a\u0631\u062a: \u0645\u0627 \u0643\u0627\u0646 \u064a\u0648\u0645\u064b\u0627 \u0642\u0635\u0629 “\u0625\u0645\u062f\u0627\u062f\u0627\u062a \u0634\u062d\u064a\u062d\u0629” \u0642\u062f \u062a\u062d\u0648\u0644 \u0627\u0644\u0622\u0646 \u0625\u0644\u0649 \u062a\u0648\u0642\u0639\u0627\u062a \u0628\u0641\u0627\u0626\u0636 \u0641\u064a \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0645\u062a\u0648\u0633\u0637\u060c \u0645\u062f\u0641\u0648\u0639\u064b\u0627 \u0628\u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0625\u0646\u062a\u0627\u062c \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0648\u062a\u0631\u0627\u062c\u0639 \u0627\u0644\u0637\u0644\u0628.<\/span><\/p>\n\n\n\n

    \u064a\u0624\u0643\u062f \u062a\u0642\u0631\u064a\u0631 \u0633\u0648\u0642 \u0627\u0644\u0646\u0641\u0637 \u0627\u0644\u0623\u062e\u064a\u0631 \u0627\u0644\u0635\u0627\u062f\u0631 \u0639\u0646 \u0648\u0643\u0627\u0644\u0629 \u0627\u0644\u0637\u0627\u0642\u0629 \u0627\u0644\u062f\u0648\u0644\u064a\u0629 (IEA) \u0647\u0630\u0627 \u0627\u0644\u062a\u062d\u0648\u0644\u060c \u0645\u062a\u0648\u0642\u0639\u064b\u0627 \u0623\u0646 \u064a\u062a\u062c\u0627\u0648\u0632 \u0627\u0644\u0645\u0639\u0631\u0648\u0636 \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0645\u0646 \u0627\u0644\u0646\u0641\u0637 \u0627\u0644\u0637\u0644\u0628 \u0641\u064a 2025-2026\u060c \u0645\u0645\u0627 \u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0645\u062e\u0632\u0648\u0646\u0627\u062a \u0648\u0641\u0627\u0626\u0636 \u0645\u0627\u062f\u064a \u0628\u062d\u0644\u0648\u0644 \u0639\u0627\u0645 2026. \u062a\u064f\u0631\u062f\u062f \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0637\u0627\u0642\u0629 \u0642\u0635\u064a\u0631\u0629 \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0635\u0627\u062f\u0631\u0629 \u0639\u0646 \u0625\u062f\u0627\u0631\u0629 \u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0627\u0644\u0637\u0627\u0642\u0629 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 (EIA) \u0647\u0630\u0627 \u0627\u0644\u0631\u0623\u064a\u060c \u0645\u062a\u0648\u0642\u0639\u0629 \u0623\u0646 \u064a\u062a\u062c\u0647 \u062e\u0627\u0645 \u0628\u0631\u0646\u062a \u0646\u062d\u0648 \u0645\u0646\u062a\u0635\u0641 50 \u062f\u0648\u0644\u0627\u0631\u064b\u0627 \u0641\u064a \u0639\u0627\u0645 2026\u060c \u0645\u0645\u0627 \u0633\u064a\u0636\u0639 \u0636\u063a\u0648\u0637\u064b\u0627 \u0647\u0628\u0648\u0637\u064a\u0629 \u0625\u0636\u0627\u0641\u064a\u0629 \u0639\u0644\u0649 \u062e\u0627\u0645 \u063a\u0631\u0628 \u062a\u0643\u0633\u0627\u0633 \u0627\u0644\u0648\u0633\u064a\u0637. \u062a\u064f\u0639\u0632\u0632 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0627\u0644\u0623\u0633\u0628\u0648\u0639\u064a\u0629 \u0627\u0644\u0631\u0633\u0627\u0644\u0629 – \u062a\u0634\u063a\u064a\u0644 \u0627\u0644\u0645\u0635\u0627\u0641\u064a \u0645\u0631\u062a\u0641\u0639\u060c \u0648\u0625\u0646\u062a\u0627\u062c \u0627\u0644\u0645\u0646\u062a\u062c\u0627\u062a \u0642\u0648\u064a\u060c \u0648\u0645\u062e\u0632\u0648\u0646\u0627\u062a \u0627\u0644\u062e\u0627\u0645 \u0644\u0627 \u062a\u0632\u0627\u0644 \u0648\u0641\u064a\u0631\u0629\u060c \u0645\u0645\u0627 \u064a\u0631\u0633\u0645 \u0635\u0648\u0631\u0629 \u0644\u0633\u0648\u0642 \u064a\u062a\u0645\u062a\u0639 \u0628\u0625\u0645\u062f\u0627\u062f\u0627\u062a \u062c\u064a\u062f\u0629 \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0627\u0644\u0634\u062d.<\/span><\/p>\n\n\n\n

    \u0642\u0627\u0645\u062a \u0623\u0648\u0628\u0643+ \u0623\u064a\u0636\u064b\u0627 \u0628\u0645\u0631\u0627\u062c\u0639\u0629 \u062a\u0648\u0642\u0639\u0627\u062a\u0647\u0627\u060c \u0645\u062a\u0648\u0642\u0639\u0629 \u0627\u0644\u0622\u0646 \u0641\u0627\u0626\u0636\u064b\u0627 \u0645\u062a\u0648\u0627\u0636\u0639\u064b\u0627 \u0641\u064a \u0639\u0627\u0645 2026 \u0645\u0639 \u062a\u0648\u0633\u0639 \u0627\u0644\u0639\u0631\u0636 \u0645\u0646 \u062e\u0627\u0631\u062c \u0623\u0648\u0628\u0643 \u0648\u062a\u0628\u0627\u0637\u0624 \u0646\u0645\u0648 \u0627\u0644\u0637\u0644\u0628 \u0627\u0644\u0639\u0627\u0644\u0645\u064a. \u0645\u0639 \u0647\u0630\u0627 \u0627\u0644\u062a\u062d\u0648\u0644\u060c \u064a\u0645\u064a\u0644 \u0625\u062c\u0645\u0627\u0639 \u0627\u0644\u0633\u0648\u0642 \u0628\u0642\u0648\u0629 \u0646\u062d\u0648 \u0627\u0644\u0647\u0628\u0648\u0637 \u0641\u064a \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0645\u062a\u0648\u0633\u0637: \u0627\u0644\u0645\u062e\u0632\u0648\u0646\u0627\u062a \u0627\u0644\u0645\u0631\u062a\u0641\u0639\u0629\u060c \u0648\u0646\u0645\u0648 \u0627\u0644\u0639\u0631\u0636 \u0627\u0644\u0642\u0648\u064a\u060c \u0648\u0627\u0644\u0637\u0644\u0628 \u0627\u0644\u0636\u0639\u064a\u0641 \u062a\u0636\u063a\u0637 \u062c\u0645\u064a\u0639\u0647\u0627 \u0639\u0644\u0649 \u0627\u0644\u062e\u0627\u0645.<\/span><\/p>\n\n\n\n

    \u0641\u064a \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0642\u0631\u064a\u0628\u060c \u0645\u0646 \u0627\u0644\u0645\u0631\u062c\u062d \u0623\u0646 \u064a\u0638\u0644 \u062e\u0627\u0645 \u063a\u0631\u0628 \u062a\u0643\u0633\u0627\u0633 \u0627\u0644\u0648\u0633\u064a\u0637 \u0645\u0642\u064a\u062f\u064b\u0627 \u0628\u0646\u0637\u0627\u0642 \u0648\u0645\u062a\u0642\u0644\u0628\u064b\u0627\u060c \u0645\u062a\u0623\u0631\u062c\u062d\u064b\u0627 \u0628\u064a\u0646 \u0645\u0633\u062a\u0648\u064a\u0627\u062a 50 \u062f\u0648\u0644\u0627\u0631\u064b\u0627 \u0627\u0644\u0645\u0631\u062a\u0641\u0639\u0629 \u0648 60 \u062f\u0648\u0644\u0627\u0631\u064b\u0627 \u0627\u0644\u0645\u0646\u062e\u0641\u0636\u0629 \u062d\u064a\u062b \u064a\u0648\u0627\u0632\u0646 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0648\u0646 \u0628\u064a\u0646 \u0633\u0631\u062f\u064a\u0629 \u0627\u0644\u0641\u0627\u0626\u0636 \u0648\u0627\u0644\u062a\u0645\u0631\u0643\u0632\u0627\u062a \u0642\u0635\u064a\u0631\u0629 \u0627\u0644\u0623\u062c\u0644 \u0648\u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u062d\u0631\u0643\u0647\u0627 \u0627\u0644\u0639\u0646\u0627\u0648\u064a\u0646 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629. \u0644\u0627 \u062a\u0632\u0627\u0644 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0635\u0639\u0648\u062f\u064a\u0629 \u0642\u0627\u0626\u0645\u0629 – \u0644\u0627 \u0633\u064a\u0645\u0627 \u0627\u0644\u0627\u0636\u0637\u0631\u0627\u0628\u0627\u062a \u0627\u0644\u062c\u064a\u0648\u0633\u064a\u0627\u0633\u064a\u0629 \u0623\u0648 \u0625\u062c\u0631\u0627\u0621\u0627\u062a \u0623\u0648\u0628\u0643+ \u063a\u064a\u0631 \u0627\u0644\u0645\u062a\u0648\u0642\u0639\u0629 – \u0648\u0644\u0643\u0646 \u0645\u0627 \u0644\u0645 \u062a\u062a\u062d\u0642\u0642 \u0645\u062b\u0644 \u0647\u0630\u0647 \u0627\u0644\u0623\u062d\u062f\u0627\u062b\u060c \u0641\u0645\u0646 \u0627\u0644\u0645\u0631\u062c\u062d \u0623\u0646 \u062a\u0643\u0648\u0646 \u0627\u0644\u062a\u062d\u0631\u0643\u0627\u062a \u0627\u0644\u0635\u0639\u0648\u062f\u064a\u0629 \u0642\u0635\u064a\u0631\u0629 \u0627\u0644\u0623\u062c\u0644.<\/span><\/p>\n\n\n\n

    \u0644\u062e\u0635 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0645\u0627\u0636\u064a \u0627\u0644\u0646\u0628\u0631\u0629 \u0627\u0644\u0647\u0628\u0648\u0637\u064a\u0629. \u0623\u062f\u062a \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0641\u0627\u0626\u0636 \u0645\u0646 \u0623\u0648\u0628\u0643+ \u0625\u0644\u0649 \u0627\u0646\u062e\u0641\u0627\u0636 \u0628\u0646\u0633\u0628\u0629 3.5-4% \u0641\u064a \u0643\u0644 \u0645\u0646 \u0628\u0631\u0646\u062a \u0648\u062e\u0627\u0645 \u063a\u0631\u0628 \u062a\u0643\u0633\u0627\u0633 \u0627\u0644\u0648\u0633\u064a\u0637\u060c \u0645\u0645\u0627 \u062f\u0641\u0639 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0625\u0644\u0649 \u0623\u062f\u0646\u0649 \u0645\u0633\u062a\u0648\u064a\u0627\u062a\u0647\u0627 \u0641\u064a \u062b\u0644\u0627\u062b\u0629 \u0623\u0633\u0627\u0628\u064a\u0639. \u062a\u0628\u0639 \u0630\u0644\u0643 \u0627\u0631\u062a\u062f\u0627\u062f \u062c\u064a\u0648\u0633\u064a\u0627\u0633\u064a \u0648\u062c\u064a\u0632 \u0628\u0639\u062f \u0636\u0631\u0628\u0629 \u0623\u0648\u0643\u0631\u0627\u0646\u064a\u0629 \u0639\u0644\u0649 \u0645\u0633\u062a\u0648\u062f\u0639 \u0646\u0641\u0637 \u0631\u0648\u0633\u064a\u060c \u0644\u0643\u0646 \u0627\u0644\u0645\u0643\u0627\u0633\u0628 \u062a\u0644\u0627\u0634\u062a \u0628\u0633\u0631\u0639\u0629 \u062a\u062d\u062a \u0648\u0637\u0623\u0629 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0627\u062a. \u0623\u0636\u0627\u0641\u062a \u0625\u062f\u0627\u0631\u0629 \u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0627\u0644\u0637\u0627\u0642\u0629 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0645\u0632\u064a\u062f\u064b\u0627 \u0645\u0646 \u0627\u0644\u0636\u063a\u0637 \u0645\u0639 \u0632\u064a\u0627\u062f\u0629 \u0636\u062e\u0645\u0629 \u0641\u064a \u0645\u062e\u0632\u0648\u0646\u0627\u062a \u0627\u0644\u062e\u0627\u0645 \u0628\u0645\u0642\u062f\u0627\u0631 +6.4 \u0645\u0644\u064a\u0648\u0646 \u0628\u0631\u0645\u064a\u0644\u060c \u0628\u064a\u0646\u0645\u0627 \u0623\u0643\u062f \u0627\u0631\u062a\u0641\u0627\u0639 \u0639\u062f\u062f \u0645\u0646\u0635\u0627\u062a \u0627\u0644\u062d\u0641\u0631 \u0623\u0646 \u0646\u0645\u0648 \u0627\u0644\u0625\u0645\u062f\u0627\u062f\u0627\u062a \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0644\u0627 \u064a\u0632\u0627\u0644 \u0645\u0631\u0646\u064b\u0627.<\/span><\/p>\n\n\n\n

    \u0636\u0639\u0641 \u0627\u0644\u063a\u0627\u0632 \u0627\u0644\u0637\u0628\u064a\u0639\u064a \u0623\u064a\u0636\u064b\u0627 \u0628\u0639\u062f \u0632\u064a\u0627\u062f\u0629 \u0623\u0643\u0628\u0631 \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0641\u064a \u0627\u0644\u062a\u062e\u0632\u064a\u0646 (+45 \u0645\u0644\u064a\u0627\u0631 \u0642\u062f\u0645 \u0645\u0643\u0639\u0628)\u060c \u0628\u064a\u0646\u0645\u0627 \u062a\u062f\u0647\u0648\u0631\u062a \u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629 \u062d\u064a\u062b \u0642\u0627\u0648\u0645 \u0628\u0646\u0643 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u062a\u0648\u0642\u0639\u0627\u062a \u062e\u0641\u0636 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0641\u064a \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0642\u0631\u064a\u0628. \u0623\u0636\u0627\u0641\u062a \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0635\u064a\u0646\u064a\u0629 \u0627\u0644\u0636\u0639\u064a\u0641\u0629 – \u062e\u0627\u0635\u0629 \u062a\u0628\u0627\u0637\u0624 \u0627\u0644\u0625\u0646\u062a\u0627\u062c \u0627\u0644\u0635\u0646\u0627\u0639\u064a\u060c \u0648\u0645\u0628\u064a\u0639\u0627\u062a \u0627\u0644\u062a\u062c\u0632\u0626\u0629\u060c \u0648\u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 – \u0637\u0628\u0642\u0629 \u0623\u062e\u0631\u0649 \u0645\u0646 \u0645\u062e\u0627\u0648\u0641 \u0627\u0644\u0637\u0644\u0628.<\/span><\/p>\n\n\n\n

    \u0628\u0634\u0643\u0644 \u0639\u0627\u0645\u060c \u0623\u0646\u0647\u0649 \u0633\u0648\u0642 \u0627\u0644\u0637\u0627\u0642\u0629 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0647\u0628\u0648\u0637\u064a\u064b\u0627 \u0628\u0642\u0648\u0629. \u0645\u0639 \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0639\u0631\u0636\u060c \u0648\u0628\u0646\u0627\u0621 \u0627\u0644\u0645\u062e\u0632\u0648\u0646\u0627\u062a\u060c \u0648\u062a\u0628\u0627\u0637\u0624 \u0627\u0644\u0635\u064a\u0646\u060c \u0648\u062a\u0634\u062f\u064a\u062f \u0628\u0646\u0643 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0644\u0644\u0638\u0631\u0648\u0641 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u0644\u0627 \u064a\u0632\u0627\u0644 \u0627\u0644\u062e\u0627\u0645 \u062a\u062d\u062a \u0636\u063a\u0637 \u0647\u0628\u0648\u0637\u064a. \u0628\u062f\u0648\u0646 \u062a\u062e\u0641\u064a\u0636\u0627\u062a \u062c\u062f\u064a\u062f\u0629 \u0645\u0646 \u0623\u0648\u0628\u0643+ \u0623\u0648 \u0645\u0641\u0627\u062c\u0623\u0629 \u0635\u0639\u0648\u062f\u064a\u0629 \u0643\u0644\u064a\u0629 \u0630\u0627\u062a \u0645\u063a\u0632\u0649\u060c \u0645\u0646 \u0627\u0644\u0645\u0631\u062c\u062d \u0623\u0646 \u064a\u0638\u0644 \u0645\u0633\u0627\u0631 \u062e\u0627\u0645 \u063a\u0631\u0628 \u062a\u0643\u0633\u0627\u0633 \u0627\u0644\u0648\u0633\u064a\u0637 \u062f\u0641\u0627\u0639\u064a\u064b\u0627 \u0641\u064a \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0642\u0631\u064a\u0628.<\/span><\/p>\n\n\n\n

    \u0627\u0644\u0645\u0631\u0627\u062c\u0639\u0629 \u0627\u0644\u0641\u0646\u064a\u0629 \u0644\u062e\u0627\u0645 \u063a\u0631\u0628 \u062a\u0643\u0633\u0627\u0633 \u0627\u0644\u0648\u0633\u064a\u0637 (WTI)<\/strong><\/h3>\n\n\n\n

    \u0644\u0627 \u064a\u0632\u0627\u0644 \u062e\u0627\u0645 \u063a\u0631\u0628 \u062a\u0643\u0633\u0627\u0633 \u0627\u0644\u0648\u0633\u064a\u0637 \u0641\u064a \u0627\u062a\u062c\u0627\u0647 \u0647\u0627\u0628\u0637 \u0645\u062a\u0648\u0633\u0637 \u0627\u0644\u0623\u062c\u0644\u060c \u0645\u0639 \u062a\u0639\u0627\u0641\u064a \u0627\u0644\u0633\u0639\u0631 \u0645\u0646 \u062f\u0639\u0645 57 \u062f\u0648\u0644\u0627\u0631\u064b\u0627 \u0648\u0644\u0643\u0646 \u0644\u0627 \u064a\u0632\u0627\u0644 \u0645\u0642\u064a\u062f\u064b\u0627 \u0628\u0627\u0644\u0645\u062a\u0648\u0633\u0637\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u0631\u0643\u0629 \u0627\u0644\u0647\u0627\u0628\u0637\u0629 \u0648\u0627\u0644\u0645\u0642\u0627\u0648\u0645\u0629 \u0627\u0644\u0639\u0644\u0648\u064a\u0629. \u064a\u0633\u062a\u0645\u0631 \u0627\u0644\u0647\u064a\u0643\u0644 \u0641\u064a \u0625\u0638\u0647\u0627\u0631 \u0642\u0645\u0645 \u0623\u062f\u0646\u0649 \u0648\u0642\u064a\u0639\u0627\u0646 \u0623\u062f\u0646\u0649 \u0645\u0646\u0630 \u0623\u0648\u0627\u062e\u0631 \u064a\u0648\u0644\u064a\u0648\u060c \u0628\u064a\u0646\u0645\u0627 \u064a\u062a\u062c\u0647 \u0643\u0644 \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0633\u0637 \u0627\u0644\u0645\u062a\u062d\u0631\u0643 \u0627\u0644\u0623\u0633\u064a (EMA) \u0644\u0640 50 \u064a\u0648\u0645\u064b\u0627 (\u062d\u0648\u0627\u0644\u064a 61 \u062f\u0648\u0644\u0627\u0631\u064b\u0627) \u0648\u0627\u0644\u0645\u062a\u0648\u0633\u0637 \u0627\u0644\u0645\u062a\u062d\u0631\u0643 \u0627\u0644\u0623\u0633\u064a \u0644\u0640 200 \u064a\u0648\u0645 (\u062d\u0648\u0627\u0644\u064a 64.7 \u062f\u0648\u0644\u0627\u0631\u064b\u0627) \u0646\u062d\u0648 \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636 – \u0645\u0645\u0627 \u064a\u0624\u0643\u062f \u0627\u0644\u0632\u062e\u0645 \u0627\u0644\u0647\u0628\u0648\u0637\u064a. \u064a\u062a\u0645 \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0633\u0648\u0642 \u0641\u064a \u0646\u0637\u0627\u0642 \u062c\u0627\u0646\u0628\u064a \u0625\u0644\u0649 \u0647\u0627\u0628\u0637 \u0628\u064a\u0646 57 \u0648 62 \u062f\u0648\u0644\u0627\u0631\u064b\u0627\u060c \u0645\u0639 \u0633\u0639\u0631 \u062d\u0627\u0644\u064a \u0628\u0627\u0644\u0642\u0631\u0628 \u0645\u0646 59.8 \u062f\u0648\u0644\u0627\u0631\u064b\u0627\u060c \u0645\u0645\u0627 \u064a\u062c\u0639\u0644 \u0627\u0644\u0627\u0631\u062a\u062f\u0627\u062f \u0627\u0644\u0623\u062e\u064a\u0631 \u0644\u0627 \u064a\u0632\u0627\u0644 \u0645\u0636\u0627\u062f\u064b\u0627 \u0644\u0644\u0627\u062a\u062c\u0627\u0647 (\u0627\u0644\u0633\u0627\u0626\u062f). \u0643\u0633\u0631 \u0645\u0627 \u062f\u0648\u0646 57 \u062f\u0648\u0644\u0627\u0631\u064b\u0627 \u0633\u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u0645\u0632\u064a\u062f \u0645\u0646 \u0627\u0644\u0647\u0628\u0648\u0637 \u0646\u062d\u0648 \u0645\u0633\u062a\u0648\u064a\u0627\u062a 50 \u062f\u0648\u0644\u0627\u0631\u064b\u0627 \u0627\u0644\u0645\u0646\u062e\u0641\u0636\u0629\u060c \u0628\u064a\u0646\u0645\u0627 \u064a\u0638\u0644 61.3-61.5 \u062f\u0648\u0644\u0627\u0631\u064b\u0627 \u0647\u0648 \u0627\u0644\u0645\u0642\u0627\u0648\u0645\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0627\u0644\u0623\u0648\u0644\u0649\u060c \u062a\u0644\u064a\u0647\u0627 63-64 \u062f\u0648\u0644\u0627\u0631\u064b\u0627.<\/span><\/p>\n\n\n

    \n
    \"\"<\/figure>\n<\/div>\n\n\n

    \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 – \u0627\u0644\u0648\u0636\u0639 \u0627\u0644\u062d\u0627\u0644\u064a \u0648\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0623\u0633\u0628\u0648\u0639\u064a\u0629 \u0644\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 (BTC)<\/span><\/strong><\/h3>\n\n\n\n

    \u0627\u0646\u062e\u0641\u0636\u062a \u0627\u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u0633\u0648\u0642\u064a\u0629 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629 \u0644\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629 \u0625\u0644\u0649 \u0645\u0627 \u064a\u0642\u0631\u0628 \u0645\u0646 3.3-3.6 \u062a\u0631\u064a\u0644\u064a\u0648\u0646 \u062f\u0648\u0644\u0627\u0631\u060c \u0645\u062a\u0631\u0627\u062c\u0639\u0629 \u0628\u0634\u0643\u0644 \u0637\u0641\u064a\u0641 \u062e\u0644\u0627\u0644 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0645\u0627\u0636\u064a \u0648\u0633\u0637 \u062a\u0642\u0644\u0628\u0627\u062a \u064a\u0648\u0645\u064a\u0629 \u0628\u0646\u0633\u0628\u0629 1-3%. \u0644\u0627 \u062a\u0632\u0627\u0644 \u0647\u064a\u0645\u0646\u0629 \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0645\u0631\u062a\u0641\u0639\u0629 \u0639\u0646\u062f 57-60%\u060c \u0645\u0645\u0627 \u064a\u0624\u0643\u062f \u0623\u0646 \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 (BTC) \u062a\u0648\u0627\u0635\u0644 \u0625\u0645\u0644\u0627\u0621 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0623\u0648\u0633\u0639. \u062a\u0631\u0627\u062c\u0639\u062a \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0646\u0641\u0633\u0647\u0627 \u0628\u062d\u062f\u0629 \u0645\u0646 \u0623\u0639\u0644\u0649 \u0645\u0633\u062a\u0648\u064a\u0627\u062a\u0647\u0627 \u0627\u0644\u062a\u0627\u0631\u064a\u062e\u064a\u0629 \u0627\u0644\u0623\u062e\u064a\u0631\u0629 \u0641\u0648\u0642 120,000 \u062f\u0648\u0644\u0627\u0631\u060c \u062d\u064a\u062b \u064a\u062a\u0645 \u062a\u062f\u0627\u0648\u0644\u0647\u0627 \u0627\u0644\u0622\u0646 \u0641\u064a \u0645\u0646\u0637\u0642\u0629 90,000 \u062f\u0648\u0644\u0627\u0631 \u0627\u0644\u0645\u0631\u062a\u0641\u0639\u0629 \u0628\u0639\u062f \u0627\u062e\u062a\u0631\u0627\u0642\u0627\u062a \u0645\u062a\u0643\u0631\u0631\u0629 \u062e\u0644\u0627\u0644 \u0627\u0644\u064a\u0648\u0645 \u062f\u0648\u0646 100 \u0623\u0644\u0641 \u062f\u0648\u0644\u0627\u0631\u060c \u0645\u0645\u0627 \u0645\u062d\u0627 \u0645\u0626\u0627\u062a \u0627\u0644\u0645\u0644\u064a\u0627\u0631\u0627\u062a \u0645\u0646 \u0627\u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u0633\u0648\u0642\u064a\u0629 \u0648\u0623\u062f\u0649 \u0625\u0644\u0649 \u0639\u0645\u0644\u064a\u0627\u062a \u062a\u0635\u0641\u064a\u0629 \u0643\u0628\u064a\u0631\u0629 \u0639\u0628\u0631 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0648\u0627\u0644\u0628\u062f\u064a\u0644\u0629.<\/span><\/p>\n\n\n\n

    \u0623\u0635\u0628\u062d\u062a \u062a\u062f\u0641\u0642\u0627\u062a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 (ETFs)\u060c \u0627\u0644\u062a\u064a \u063a\u0630\u062a \u062c\u0632\u0621\u064b\u0627 \u0643\u0628\u064a\u0631\u064b\u0627 \u0645\u0646 \u0627\u0631\u062a\u0641\u0627\u0639 \u0628\u062f\u0627\u064a\u0629 \u0627\u0644\u0639\u0627\u0645\u060c \u0645\u062e\u062a\u0644\u0637\u0629. \u0628\u0639\u062f \u062a\u062f\u0641\u0642\u0627\u062a \u0642\u0648\u064a\u0629 \u0641\u064a \u0648\u0642\u062a \u0633\u0627\u0628\u0642 \u0645\u0646 \u0639\u0627\u0645 2025\u060c \u0633\u062c\u0644\u062a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0627\u0644\u0641\u0648\u0631\u064a\u0629 \u0641\u064a \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u0639\u062f\u0629 \u062c\u0644\u0633\u0627\u062a \u0645\u0646 \u0627\u0644\u062a\u062f\u0641\u0642\u0627\u062a \u0627\u0644\u062e\u0627\u0631\u062c\u0629 \u0627\u0644\u0643\u0628\u064a\u0631\u0629\u060c \u062e\u0627\u0635\u0629 \u062d\u0648\u0644 \u0627\u0644\u0623\u062d\u062f\u0627\u062b \u0627\u0644\u0643\u0644\u064a\u0629\u060c \u0645\u0639 \u0639\u0648\u062f\u0629 \u0623\u064a\u0627\u0645 \u062a\u062f\u0641\u0642\u0627\u062a \u0648\u0627\u0631\u062f\u0629 \u0645\u062a\u0648\u0627\u0636\u0639\u0629 \u0641\u0642\u0637 \u0645\u0624\u062e\u0631\u064b\u0627. \u064a\u064f\u0638\u0647\u0631 \u0646\u0645\u0637 \u0627\u0644\u062a\u062f\u0641\u0642 \u0633\u0648\u0642\u064b\u0627 \u0644\u0645 \u064a\u0639\u062f \u0641\u064a \u0648\u0636\u0639 “\u062a\u0631\u0627\u0643\u0645 \u0641\u064a \u0627\u062a\u062c\u0627\u0647 \u0648\u0627\u062d\u062f”. \u0644\u0627 \u064a\u0632\u0627\u0644 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u0648\u0646 \u0645\u0646\u062e\u0631\u0637\u064a\u0646 \u0648\u0644\u0643\u0646\u0647\u0645 \u062a\u062d\u0648\u0644\u0648\u0627 \u0625\u0644\u0649 \u062a\u0645\u0631\u0643\u0632 \u062a\u0643\u062a\u064a\u0643\u064a \u0623\u0643\u062b\u0631.<\/span><\/p>\n\n\n\n

    \u062a\u064f\u0634\u064a\u0631 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0639\u0644\u0649 \u0627\u0644\u0633\u0644\u0633\u0644\u0629 (On-chain) \u0625\u0644\u0649 \u0647\u0634\u0627\u0634\u0629 \u0645\u062a\u0632\u0627\u064a\u062f\u0629. \u0644\u0627 \u064a\u0632\u0627\u0644 \u0627\u0644\u062d\u0627\u0645\u0644\u0648\u0646 \u0639\u0644\u0649 \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0637\u0648\u064a\u0644 \u064a\u0633\u064a\u0637\u0631\u0648\u0646 \u0639\u0644\u0649 \u0645\u0627 \u064a\u0642\u0631\u0628 \u0645\u0646 75% \u0645\u0646 \u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u0639\u0631\u0636\u060c \u0648\u0644\u0643\u0646 \u0623\u0643\u062b\u0631 \u0645\u0646 300,000 \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0642\u062f \u062a\u0645 \u062a\u062f\u0648\u064a\u0631\u0647\u0627 \u0625\u0644\u0649 \u0623\u064a\u062f\u064a \u062d\u0627\u0645\u0644\u064a \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0642\u0635\u064a\u0631 \u062e\u0644\u0627\u0644 \u0627\u0644\u0634\u0647\u0631 \u0627\u0644\u0645\u0627\u0636\u064a\u060c \u0645\u0645\u0627 \u064a\u0639\u0643\u0633 \u062c\u0646\u064a \u0627\u0644\u0623\u0631\u0628\u0627\u062d \u0648\u0627\u0644\u062a\u0642\u0644\u064a\u0628 \u0627\u0644\u0645\u0636\u0627\u0631\u0628\u064a. \u0648\u0627\u0644\u062c\u062f\u064a\u0631 \u0628\u0627\u0644\u0630\u0643\u0631 \u0623\u0646 \u062d\u0627\u0645\u0644\u064a \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0642\u0635\u064a\u0631 \u0623\u0631\u0633\u0644\u0648\u0627 \u0645\u0624\u062e\u0631\u064b\u0627 \u062d\u0648\u0627\u0644\u064a 29,400 \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0625\u0644\u0649 \u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0628\u062e\u0633\u0627\u0631\u0629 – \u0648\u0647\u064a \u0625\u0634\u0627\u0631\u0629 \u0647\u0628\u0648\u0637\u064a\u0629 \u062a\u0627\u0631\u064a\u062e\u064a\u064b\u0627 \u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0647\u0628\u0648\u0637 \u0648\u0645\u0631\u0627\u062d\u0644 \u0627\u0644\u0628\u064a\u0639 \u0627\u0644\u0642\u0633\u0631\u064a.<\/span><\/p>\n\n\n\n

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    \n
    \"\"<\/figure>\n<\/div>\n\n\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

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