... risks have diminished, creating conditions for the cautious reduction of the rate. The Bank of Russia emphasized that inflation expectations among the population remain elevated (around 13% for the year ahead), and several factors, such as increased budget expenditure, may slow the return of inflation to target. For this reason, the regulator intends to maintain sufficient firmness in monetary conditions, necessary for reducing inflation to 4% by 2026. Further steps regarding the key rate will depend ...

... from OPEC+ regarding demand and production outlooks could influence oil price forecasts. For investors from oil-producing CIS countries, oil price dynamics are crucial as they impact the revenues of energy companies, the state of the trade balance, and budget revenues. U.S. Fed Policy: Market Expectations Although the U.S. Federal Reserve's decision will be announced later in the week, global markets are already pricing in relevant expectations on Monday. Currently, the consensus forecast suggests the ...

... he recalls. "The G7 and the EU were discussing lowering the price cap for Russia from the current $60 to $45 per barrel. Had this occurred, it would have posed a serious challenge to the Russian oil industry and our economy, leading to reduced budget revenues." The escalation in the conflict between Israel and Iran has led to two outcomes favorable for Russia, according to Gromov. Firstly, global oil prices jumped by $10, lifting Russian oil prices with a corresponding correction in budget ...

... between high global prices and fixed domestic fuel prices. In July, the amount of damping payments reached approximately 60 billion rubles, helping to contain the increase in gasoline prices for end consumers. However, such expenditures burden the federal budget, especially given that oil and gas revenues in July yielded around 787 billion rubles—less than planned and the third consecutive month below expectations. The government is currently discussing the possibility of temporarily adjusting or suspending ...

... difference between high global prices and fixed domestic fuel prices. In July, the total amount of damping payments was around 60 billion rubles, helping to restrain gasoline price increases for end consumers. However, such costs weigh heavily on the federal budget, especially as oil and gas revenues for July, according to the Ministry of Finance, amounted to approximately 787 billion rubles – less than planned and the third consecutive month below expectations. There is currently ongoing discussion about ...