... the first five months of 2025, amounting to RUB 521.5 billion. Such a drastic decline is largely attributed to a reduction in subsidies for oil producers. While the payments under the "damping" mechanism (compensations from the budget for fuel supplies to the domestic market at prices below export levels) totaled RUB 985.9 billion in the first half of 2024, the equivalent figure fell to RUB 544.7 billion in 2025, marking a 45% reduction. Under these circumstances, companies are likely to maintain high prices in the wholesale and small wholesale ...

... 127.2 thousand units, which is more than in May 2021 (147.4 thousand, according to the Autostat agency). The overall recovery of the automotive market coincides with the seasonal increase in demand, one of the indicators of which is the reduction in fuel exports. According to S&P Global Platts, maritime fuel exports from Russia decreased by 480 thousand barrels per day (bpd) from February to May 2024, down to 2.13 million bpd. Another factor in the price rise is the increasing costs for Russian refineries....

... recovering last month. In July 2024, the volume of seaborne exports to foreign markets increased by 140,000 b/d to 2.27 million b/d. Overall, regulating the industry is always a balance between 'carrot and stick.' It's no coincidence that the latest export ban coincided with the Finance Ministry’s draft law on splitting the fuel damper mechanism. Currently, oil companies may lose damper payments if exchange prices for AI-92 gasoline or diesel fuel exceed the threshold set in the Tax Code. However, under the draft law, the damper would only be nullified for the specific ...

... embargo, he adds. Finally, independent retail operators have been operating at a loss for several months when selling gasoline, Dyachenko reminds. This issue may worsen due to rising interest rates or the risk of price increases upon the resumption of exports. The expert concludes: the fuel market is currently in a balanced, but fragile, state. Therefore, the government may need to consider export quotas and allow exports from refineries facing difficulties due to their location and specifics, he concludes. Translated using ...

... grew by 11.7%, reaching 137.3 million bags, alongside a historic rise in coffee prices. This significant growth in exports and prices affects everyone involved in the market, from producers to end consumers. This article examines the drivers behind the export growth, the factors fueling the price increase, and the outlook for the global coffee market. Growth in Global Exports: Key Drivers and Regions Global demand for coffee continues to rise, and top coffee-producing countries have worked hard to meet these needs. The primary ...