Reporter: How do you see the investment market evolving in the particularly harsh geostrategic and macroeconomic conditions we are currently experiencing? Veronika Tykhonova: The market today feels tougher and more political. Easy money is gone. Volatility is normal now, not an exception. That changes how risk works. On the macro side, we're seeing the delayed effects of decisions made over the last two years. Higher rates, trade barriers, and fiscal pressure are now hitting costs and profits.