... 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 ...

... investment instruments, you can accumulate a much larger sum over time. Thirdly, many consider investments as a source of additional or passive income. For example, interest on bonds, dividends on shares or rent from real estate can regularly replenish the budget. As a result, your money begins to work for you, increasing your well-being in the long term. Types of Investments There is a wide range of investment types, and they can be classified according to different criteria. First of all, there are real ...

... active automotive mobility lead to increased gasoline demand. Additionally, diesel consumption increases in agriculture and construction during summer activities. High demand creates upward pressure on prices. Reduction of Subsidies (Dampener). In 2025, budget payments to oil companies under the so-called dampener mechanism – compensations for supplying fuel to the domestic market below export prices – have significantly decreased. According to the Ministry of Finance, subsidies fell by nearly 45% ...