... payment management, which is becoming critical in a highly volatile market. I am confident that further development of fintech will help us strengthen our position and create even more useful solutions for our clients. Pre-IPO of the first independent B2B marketplace for oil products and raw materials OPEN OIL MARKET

... remains unchanged. Since 2023, the export ban has been used regularly; however, this measure does not solve the problem but only "alleviates the symptoms" for a short time. According to Sergey Tereshkin, CEO of the OPEN OIL MARKET petroleum marketplace, export restrictions could indeed increase the supply of gasoline in the domestic market. In recent years, exports have accounted for 12-15 percent of supplies from Russian refineries. The problem is that this measure only works over a short ...

... mechanism if oil prices and currency factors continue to reduce export earnings. Commentary: “In July 2025, dampener payouts decreased by 58% compared to the same period in 2024 (to 59.9 billion rubles),” notes Sergey Tereshkin, CEO of the fuel marketplace Open Oil Market. “Oil companies are left with no choice but to raise prices in those market segments where fuel price increases are not associated with the risk of subsidy non-payment. These include exchange prices for AI-95 gasoline, which ...

... January-May of this year, Russia increased gasoline exports by approximately 25% year-on-year, reaching 2.51 million tons. The ban is connected to the accelerated growth of automobile gasoline prices, agrees Sergey Tereshkin, CEO of the oil products marketplace Open Oil Market. "During the summer, gasoline prices tend to rise rapidly, and regulators have to take action," he told Forbes. "The export ban should cool off prices on the exchange and at retail. Most likely, in the short ...

... to rubles. Therefore, without subsidies, oil companies cannot contain price increases. One of the reasons cited for rising gasoline prices is the reduction of damping payments this year. According to Sergey Tereshkin, CEO of the OPEN OIL MARKET fuel marketplace, the damping payments decreased by 58% in July 2025 compared to the same period in 2024 (down to 59.9 billion rubles). Oil companies are left with no choice but to raise prices in segments where fuel price increases are not associated with ...